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flag New Zealand’s economy stabilizes post-reforms with lower inflation, despite minor GDP drop and rising unemployment.

flag 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. flag 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. flag 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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