Summary
New Zealand's Prime Minister Christopher Luxon announced a national election will take place on November 7. Luxon, from the centre-right National Party, highlighted his government's achievements in reducing inflation and crime. However, the country's economy has faced challenges, with contractions in three out of the past six quarters.
Key Facts
- New Zealand's national election is scheduled for November 7.
- Prime Minister Christopher Luxon leads the centre-right National Party.
- Luxon claimed that inflation decreased from 7% to 3% under his government.
- There are reportedly 38,000 fewer self-reported crime victims now.
- Luxon's National Party is in a coalition with New Zealand First and ACT parties.
- The economy contracted in three of the last six quarters.
- Unemployment reached 5.3% in November, the highest in nearly 20 years.
- New Zealand elections occur every three years, with coalition governments being typical due to the voting system.
