Winston Peters says NZ economy heading to a slump

Winston Peters says NZ economy heading to a slump




Wellington: Acting New Zealand prime minister Winston Peters has foreshadowed a slump in the New Zealand economy, citing US President Donald Trump as one of the reasons why.

The economy grew by 0.6 per cent in the March 2019 quarter, with a fresh quarterly figure to be announced on Thursday.

New Zealand Foreign Minister, Deputy PM and currently acting PM Winston Peters.

New Zealand Foreign Minister, Deputy PM and currently acting PM Winston Peters.Credit:AP

Peters, who has begun an 11-day stint as leader with Prime Minister Jacinda Ardern travelling overseas including to the United States, says a smaller growth rate shouldn’t shock New Zealanders.

“Will they be down? Of course, they’ll be down. But we said so back then,” Peters said.






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