"Luxon said inflation had fallen from 7 percent to 3 percent and there were 38,000 fewer self-reported victims of crime on his government's watch. When we took office, the country was going in the wrong direction, and it's taken a lot of hard work in the last two years to start turning things around, the prime minister said in a statement."
"But his government's record has faced growing scrutiny amid sluggish economic conditions. New Zealand's economy contracted during three out of the last six quarters that ended in September, and unemployment in November rose to 5.3 percent, the highest in nearly two decades. Recent opinion polls have suggested the National Party is losing ground to Labour, led by Chris Hipkins, though his party would still retain power with the help of its coalition partners under the most recent projections."
A national election will be held on November 7. Inflation has fallen from 7 percent to 3 percent and there were 38,000 fewer self-reported victims of crime. The National Party formed a coalition with New Zealand First and ACT after defeating the Labour Party at the 2023 election. The government ran on law-and-order and cost-of-living platforms. The economy contracted during three of the last six quarters ending in September, and unemployment rose to 5.3 percent in November, the highest in nearly two decades. Recent polls suggest National is losing ground to Labour, though projections show the coalition could still retain power.
Read at www.aljazeera.com
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