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New Zealand’s economy stabilizes post-reforms with lower inflation, despite minor GDP drop and rising unemployment.
New Zealand’s economy has stabilized after two years of tough reforms under the National-led government, with inflation falling from 6% to 2.7% and food inflation dropping from 12.5% to 5%, while the current account deficit narrowed to 3.7% of GDP.
Despite a 1.2% drop in GDP and unemployment rising to 5.2%, officials say these are necessary corrections after years of fiscal excess and delayed rate hikes.
The government’s focus on price stability, fiscal discipline, and structural reforms is seen as laying a foundation for long-term economic resilience.
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La economía de Nueva Zelanda se estabiliza después de las reformas con una menor inflación, a pesar de una pequeña caída del PIB y el aumento del desempleo.