New Zealand economists warn that government spending cuts are worsening the country's recession.

A group of 15 economists in New Zealand has warned that the government's spending cuts are deepening the country's recession. They argue that underfunding infrastructure and reducing public service spending will harm businesses, increase debt, and worsen inequality. The economists, including former officials and university experts, want the government to reconsider its fiscal policy to avoid long-term economic damage. The government has defended its approach, promising to balance budgets while investing in essential services.

November 20, 2024
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