New Zealand’s former COVID-19 response minister, Chris Hipkins will replace Jacinda Ardern as prime minister. The 44-year-old senior politician must be formally backed by Labour members of parliament to take over as the country’s 41st prime minister, following Ardern’s shock resignation. As leader of the governing party, Hipkins will also become prime minister when Ardern steps down.
Among his biggest challenges during an election year will be convincing voters that his party is managing the economy well. New Zealand’s unemployment rate is relatively low at 3.3%, but inflation is high at 7.2%. New Zealand’s Reserve Bank has hiked the benchmark interest rate to 4.25% as it tries to get inflation under control, and some economists are predicting the country will go into recession this year.
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