Tags : Economy

Govt laying tracks to support economic recovery

The Government is fulfilling its commitment to bring New Zealand’s rail network back up to scratch and support the economic recovery, Transport Minister Michael Wood announced today. KiwiRail’s inaugural Rail Network Investment Programme (RNIP) was released today which details renewals and upgrades on the rail network over the next three years. The Programme includes: ·       Fully […]readmore

Food and fibre sector forecast to hit record export revenue

New Zealand’s food and fibre sector is predicted to achieve long term growth as it helps lead our COVID-19 economic recovery, Oceans and Fisheries Minister David Parker said.  The latest Situation and Outlook for Primary Industries (SOPI) report, released today at Fieldays 2021, forecasts growth across the sector and export revenue rising by 3.4 per cent […]readmore

Food and fibres sector making significant strides towards New Zealand’s

The Government is backing the food and fibres sector to lead New Zealand’s economic recovery from COVID-19 with targeted investments as part of its Fit for a Better World roadmap, Forestry Minister Stuart Nash said. “To drive New Zealand’s recovery, we launched the Fit for a Better World – Accelerating our Economic Potential roadmap last year to boost productivity, sustainability, […]readmore

Budget shows stronger than expected economic recovery

 Economic growth expected to rise from 2.9 percent this year to 4.4 percent in 2023.·         Projected 221,000 more people to be in employment over the forecast period, with unemployment set to decrease to 4.2 percent.·         Deficit to fall from 5.3 percent of Gross Domestic Product (GDP) in 2022 to 0.6 percent by the end of the forecast period […]readmore

NZ economy remains resilient in face of COVID impacts

Today’s GDP figures show the economy remains resilient and among the best in the world despite the impact of the COVID-19 pandemic, and reinforces the steps the government has taken to support the economy and secure the recovery, Grant Robertson said. GDP declined 1 percent in the last three months of 2020, following a 13.9 […]readmore

Government remains focused on building back better

Budget 2021 will sharpen the focus on supporting the New Zealand economic recovery as the Government continues to keep New Zealanders safe from COVID-19. Speaking at a BNZ Breakfast event in Wellington this morning Grant Robertson released the 2021 Budget Policy Statement saying the May Budget provides a chance to take stock of how New […]readmore

The economy bounces back

The Government’s decision to act quickly in response to the global COVID-19 pandemic has helped the economy recover faster than expected, Grant Robertson said. GDP rose 14 percent in the September quarter following a revised 11 percent fall in the June quarter. On an annual average basis GDP fell 2.2 percent in the year ended […]readmore

Economic update shows faster recovery

The Government’s decision to act quickly in response to the global COVID-19 pandemic has contributed to a better than expected economic recovery, Grant Robertson says. The Treasury today released its latest economic and fiscal forecasts in the 2020 Half Year Economic and Fiscal Update. While New Zealand’s economy contracted in 2020, it is forecast to […]readmore

National’s shambolic economic plan going from bad to worse

In order to make up for the latest missing billions in their economic plan, National are now looking to strip billions from the transport fund, putting in danger projects right across the country, Labour Finance Spokesperson Grant Robertson says. “Paul Goldsmith is floundering. He’s trying to change his plan quietly in the background so he […]readmore

National needs to rip up economic plan and start again

Labour is calling on the National Party to release its fiscal workings as the true magnitude of the errors in their economic plan blows out to at least $8 billion. “National’s economic costings are in tatters. Each day new mistakes are revealed, leading to $8 billion in errors,” Labour Finance Spokesperson Grant Robertson said. “National […]readmore