New Zealand's economy is in recession..!? People are suffering!?
New Zealand's economy is in recession..!? people are suffering!?
New Zealand is facing a very serious economic crisis. In this situation, the new zealand government has confirmed that the country's economy has entered a recession. New Zealand's economy has not grown for the second consecutive quarter in 2024 and has remained negative. New Zealanders say that they have not data-faced such an economic downturn in the last 30 years. people are suffering due to increased inflation, unemployment, and rising prices of goods. New Zealand's gross domestic product (GDP) declined by 1 percent in the third quarter of 2024. This has increased inflation and increased prices of goods. New Zealand's economy is currently experiencing its worst recession since 1991, excluding the economic downturn caused by the coronavirus pandemic.
Various sectors including manufacturing and construction are also in a slump people say that the problems are increasing day by day, such as unemployment, inability to repay loans, rising prices, and reduced consumption. Meanwhile, the Central bank of new zealand has come under pressure to take various interest rate cuts. Due to the unemployment problem, economic slowdown, and interest rates, New Zealanders are migrating to other countries. Meanwhile, the new zealand government has said that it is taking necessary steps to correct the economic slowdown.
New Zealand is facing a very serious economic crisis. In this situation, the new zealand government has confirmed that the country's economy has entered a recession. New Zealand's economy has not grown for the second consecutive quarter in 2024 and has remained negative. New Zealanders say that they have not data-faced such an economic downturn in the last 30 years. people are suffering due to increased inflation, unemployment, and rising prices of goods. New Zealand's gross domestic product (GDP) declined by 1 percent in the third quarter of 2024. This has increased inflation and increased prices of goods. New Zealand's economy is currently experiencing its worst recession since 1991, excluding the economic downturn caused by the coronavirus pandemic.
Various sectors including manufacturing and construction are also in a slump people say that the problems are increasing day by day, such as unemployment, inability to repay loans, rising prices, and reduced consumption. Meanwhile, the Central bank of new zealand has come under pressure to take various interest rate cuts. Due to the unemployment problem, economic slowdown, and interest rates, New Zealanders are migrating to other countries. Meanwhile, the new zealand government has said that it is taking necessary steps to correct the economic slowdown.