New Zealand’s economy emerges from recession in a V-shaped recovery

[ad_1] The New Zealand economy recovered strongly from the recession in the third quarter, achieving the so-called V-shaped recovery, as massive fiscal and monetary stimulus boosted consumer spending. Gross domestic product rose 14% from the second quarter, when it contracted a revised 11%, Statistics New Zealand said in Wellington on …

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Scramble in Sydney as New Covid Cluster Grows

[ad_1] A cluster of Covid-19 developing on Sydney’s north beaches has grown to four as authorities scramble to identify its source just a week before Christmas. Twelve consecutive days with no locally acquired Covid cases in NSW ended on Wednesday after a Sydney airport driver was confirmed to have the …

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