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.

WELLINGTON (Reuters) - New Zealand's economy contracted in the second quarter as activity fell in a number of major industries, keeping the central bank on track for more rate cuts this year. Official data out on Thursday showed gross domestic product fell ...

SYDNEY—New Zealand’s farm-rich economy contracted by less than expected in the second quarter, but output was nevertheless weak with the central bank expected to continue cutting interest rates aggressively over coming months.

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