WELLINGTON, New Zealand (AFP) — New Zealand’s economy shrank at a record rate of 2.9 percent in 2020 due to the impact of the Covid-19 pandemic, official data released Thursday showed. Statistics New Zealand said the economy contracted just one percent in the final quarter of 2020 but a coronavirus-induced recession earlier in the year meant the annual fall was the highest on record. “The decline in annual gross domestic product is largely due to […]