Fuelling the decline in Ardern's popularity was dissatisfaction with the rising cost of living, which has left few governments untroubled But has she paid an added political and economic price due to her stringent zero-Covid policy? 🔴 janemerrick23
on Thursday she would be resigning as New Zealand’s Prime Minister next month, she insisted it was not related to her poor opinion polling but because she no longer had “enough in the tank” to keep going.
Fuelling that decline was voter dissatisfaction with the rising cost of living, which has left few governments untroubled.zero-CovidWhile high inflation has been exacerbated by the war in Ukraine and has affected global economies, countries that pursued the toughest anti-Covid measures, closing borders and imposing lockdowns for longest, are now experiencing serious economic difficulties as well as political backlash.last month after a wave of public protests in November.
China’s latest GDP figures, out next week, are expected to miss a 5.5 per cent target – and although that sort of growth is what the UK can only dream of, it is a sign of how one of the world’s biggest economic powerhouses has taken a hit.While the same is true of the UK, analysts are now predicting Britain’s slump will be much shallower than previously feared, and Bank of England Governor Andrew Bailey said this week that it looked like the “corner has turned” on inflation.
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