New Zealand Prime Minister Jacinda Ardern faces tough challenges as she heads in...
WELLINGTON - New Zealand Prime Minister Jacinda Ardern faces tough challenges as she heads into a general election campaign next year, with economic growth slowing, divisive referendums looming and a country reeling from disasters both natural and man-made.
Economic growth has slowed as a failed government housing project, new restrictions on oil exploration and foreign investment in real estate, plus tighter immigration rules have dented business confidence. Ardern said New Zealand was still “holding up well” relative to its peers, with unemployment the lowest in a decade and wages growth solid.
“We see an ongoing role for us to play to try our very, very best to curb the ability for that tool to be used by anybody else,” Ardern said, noting that response protocols developed in the aftermath of Christchurch had already been used in Europe. Ardern has pledged to hold an investigation, saying important questions demanded to be answered, but declined to comment on the potential longer-term impacts on New Zealand’s thrill-seeker tourism economy.
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