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Story summary
- Prime Minister Christopher Luxon told New Zealand firms to stop waiting for government direction, drop the “parent-child mentality”, and retool.
- The Business Pulse survey of 85 firms showed optimism down 62 points and inflation above 4 % while foot traffic fell.
- Luxon said his government is cutting inflation and interest rates so wages outpace prices and is providing affordable housing, stable rents, childcare aid, and fixing the 2023 Fenton St emergency-housing crisis.
