New Zealand's Economic Shock: A Surprise Contraction
Markets & Money Today | 2 Min News | The Daily News Now! - A podcast by The Daily News Now! - Thursdays
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New Zealand's economy just took a nosedive! GDP plunged 0.9% in the second quarter, shocking economists and sending the NZ dollar tumbling. Is a major interest rate cut coming? Construction and manufacturing are tanking, unemployment's soaring, and the pressure's on Prime Minister Christopher Luxon to turn things around before the election. Get the full breakdown on what went wrong and whether recovery is on the horizon. Hosted on Acast. See acast.com/privacy for more information.
