Maori are aggrieved that Mr Luxon will not stop the ACT Party leader David Seymour introducing legislation to define the principles of the Treaty of Waitangi, the 1840 agreement between tribes and the British Crown that is considered the nation’s founding document.

New Zealand faces another recession after the economy contracted in the second quarter, albeit less than economists and the central bank expected.

SYDNEY—New Zealand’s farm-rich economy contracted by less than expected in the second quarter, but output was nevertheless weak with the central bank expected to continue cutting interest rates aggressively over coming months.

New Zealand Prime Minister Christopher Luxon expects fewer citizens will leave the country as interest rates fall and the economy begins to recover from a prolonged slump.

Fresh GDP figures from New Zealand show the country’s economy is moving backward. Despite the negative growth, recent interest rates are fueling business confidence. Sky News New Zealand correspondent Jack Nyhof says the economic statistics are “gloomy”.

On an annual basis, GDP fell 0.2% over 12 months to June 2024.

WELLINGTON - New Zealand faces another recession after the economy contracted in the second quarter, albeit less than economists and the central bank expected. Gross domestic product declined 0.2 per cent from the previous quarter,