(Bloomberg) New Zealand’s economy unexpectedly contracted in the third quarter, fueling bets that the central bank will start cutting interest rates next year. Most Read from BloombergJPMorgan Is in a Fight Over Its Client’s Lost $50 Million FortuneTesla Recalls 2 Million Cars to Fix Autopilot Safety FlawsCitigroup Offers Partial Early Bonuses to Encourage Staff DeparturesArgentina’s Milei Devalues Peso by 54% in First Batch of Shock MeasuresCOP28 Nations Reach First-Ever Deal to Move Away Fr
Finance Minister Nicola Willis has promised to “open the books” on the state of the country’s economy, claiming she has “inherited a toxic trifecta”. Willis.
New Prime Minister Christopher Luxon has expressed fears that his new Government has inherited a recession. This week we will get new data figures that will.