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.

The farm-rich economy contracted by less than expected in the second quarter contracting 0.5% from a year earlier.

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

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

With the economy still weak, analysts expect migration numbers to continue falling, according to RNZ. Kerr also noted that many New Zealanders are now leaving for better job opportunities abroad, adding further strain to the local economy and job market. That includes Australia, BNZ chief economist Mike Jones told RNZ.

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.

Argentina's economy shrank 1.7% in the second quarter of the year compared to the previous three-month period, the country's statistics agency said on Wednesday, pushing the embattled South American nation deeper into recession.