New Zealand issued a “don't panic” plea yesterday after data showed unemployment jumped to a 10-year high as the country struggles to recover from effects of the global meltdown.

New Zealand's central bank left its key interest rate unchanged at a record low 2.5 percent Thursday, the sixth successive review to hold the rate steady as the economy continues its recover from an 18-month recession.

New Zealand house prices fell for the first time in six months in December as the number of properties sold declined for a third month.

New Zealand posted its smallest annual trade deficit in more than seven years in November as imports fell to a six-month low, outpacing a decline in exports.

New Zealand's economy grew at a snail's pace for a second consecutive quarter following 15 months of recession, official figures showed Wednesday.

New Zealand's current account deficit has shrunk to its lowest level since early 2002 owing to slack demand in the global economic downturn, official figures showed Tuesday.

New Zealand's economy faces a shallower contraction than previously expected as the housing market and exports recover, according to a survey of economists.

New Zealand posted its lowest annual goods trade deficit for nearly seven years in the 12 months to October amid a slump in imports, official figures showed Friday.

Soaring international milk powder prices are giving the New Zealand economy a multi-million dollar boost as it struggles out of recession, the country's biggest exporter announced Monday.

New Zealand's economy will continue a recovery in the second half of this year, helped by the government's fiscal stimulus, Prime Minister John Key told TVNZ.