New Zealand’s prime minister has warned against a return to the “sugar rush economics” under Jacinda Ardern-era Labour, saying the economy would be plunged into higher levels of debt, inflation and unemployment.
Speaking at his home in Auckland, Christopher Luxon told the FT that elections in November would test voters’ resolve to stick with his centre-right National Party government’s economic repair plan.
He said the country’s finances were “in bad shape” when he was elected in 2023.
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