New Zealand unveils record spending to stop massive job losses
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WELLINGTON (Reuters) - New Zealand unveiled a record NZ$50 billion ($30 billion) spending package on Thursday to revive an economy hit by the coronavirus pandemic, but warned it may not be enough to stop thousands from losing jobs and businesses shutting.The massive budget stimulus, which includes billions on infrastructure, healthcare, housing and wage subsidy schemes, sets the stage for Prime Minister Jacinda Ardern's re-election campaign, as her centre-left government seeks to consolidate..