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New Zealand slump a red alert for world economy

Canary in the coal mine of Asian trade on worst trajectory since Great Depression

| New Zealand
Kaikoura Seafood BBQ which is usually full of international tourists in Kaikoura, pictured on June 10: hospitality business is not coming back anytime soon.   © Getty Images

William Pesek is an award-winning Tokyo-based journalist and author of "Japanization: What the World Can Learn from Japan's Lost Decades."

New Zealand's great sensitivity to zigs and zags in the global economy makes it the canary in the coal mine of Asian trade.

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