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New Zealand economy back to pre-pandemic levels

13 Sept 12:38 Key points summarised by AI

New Zealand's economy grew 1.6% in the first quarter of 2021, exceeding forecasts and reversing a prior contraction, signaling a return to pre-coronavirus activity levels.
The economic expansion was primarily driven by robust domestic spending on hospitality and big-ticket retail goods, alongside a significant 6.6% rise in construction fueled by a booming housing market.
Successful containment of COVID-19 with minimal community transmission allowed for relaxed restrictions, enabling the strong economic rebound.
Analysts suggest these strong economic figures may prompt the central bank to consider easing its record-low monetary policy by May next year.

Yesterday 12:56 Key points summarised by AI

President Macron condemned widespread rioting and looting during nationwide protests, blaming far-left activists and criminals for the "unrestrained violence" and vowing accountability for those who "sought to bring down the Republic."
Over 2,400 arrests were made as protests against rising living costs and poor school conditions escalated, causing extensive damage to public buildings and businesses in cities like Paris, Limoges (where City Hall burned), Marseille, and Lyon.
The unrest, which organizers hoped would revive the "yellow vest" movement, saw political leaders trade blame, with Macron instructing prefects to protect public buildings and potentially ban future protests to prevent further disorder.