The NZD/USD exchange rate is down for five consecutive weeks, moving to its lowest level since October 2022. It dropped to ...

New Zealand’s current account deficit, now running at $27 bln per annum, is increasingly dominated by interest on historical deficits plus repatriated profits to overseas owners. Export growth is the ...

Amid the historic decline in the position of New Zealand capitalism, the ruling elite is intensifying its assault on the ...

New Zealand's economy has fallen into recession after the country's central bank aggressively raised interest rates to a 14-year high. Its gross domestic product (GDP) fell by 0.1% in the first ...

SYDNEY—The New Zealand government said it expects the economy to exit years of recession in early 2025 supported by significant reductions in interest rates. A midyear update of the budget ...

(Bloomberg) -- New Zealand’s economy suffered a deeper-than-expected recession in the second and third quarters as high interest rates curbed demand. The local dollar fell to a two-year low.

SYDNEY—New Zealand’s economy contracted sharply in the third quarter, extending a bleak period of sustained recession for the South-Pacific nation, but most economists agree that the wheels of ...

SYDNEY--The New Zealand government said it expects the economy to exit years of recession in early 2025 supported by significant reductions in interest rates. A midyear update of the budget ...