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After New Zealand Victory, Ardern Must Win Over Economists

  • Kiwi slumps and stocks drop as policy hints rattle investors
  • Coalition rhetoric ‘more mistrustful of markets’: Westpac
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New Zealand Set to Appoint World's Youngest Female Leader

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After her stunning rise to power, New Zealand’s incoming leader Jacinda Ardern faces a pressing challenge: delivering economic change with a team that lacks credentials.

Investors used to the steady hand of former Prime Minister Bill English are nervous as the new government hints at central bank reform, immigration cuts and increased social spending that will hit just as the economy is losing some gloss. New Zealand’s dollar slumped and the stock market opened lower after Ardern’s elevation was confirmed late Thursday.