Tags : Economy

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

$5bn of Lower North Island infrastructure investment key to Labour’s

The Labour Party will continue to build on its strong record of investment in infrastructure in the lower North Island to create economic stimulus and jobs. “The impacts of COVID-19 have made it clear that we need a strong platform of infrastructure investment across the country to give regions certainty and to provide a pipeline […]readmore

Record transport investment to help economic recovery and save lives

Transport Minister Phil Twyford released today the final Government Policy Statement on land transport (GPS) 2021 which outlines the planned $48 billion investment in services and infrastructure over the next decade. “The final GPS supports our Government’s five-point plan for economic recovery by confirming our record investments in transport infrastructure and services to create jobs,” Phil […]readmore

PREFU shows economy doing better than forecast

·         PREFU shows economy doing better than forecast ·         Unemployment to peak at 7.8%, down from 9.8% forecast in the Budget ·         Year-to-June accounts show tax revenue, debt and OBEGAL better than forecast ·         Global forecast downgraded as COVID-19 second waves and uncertainty grows ·         Balanced plan to support critical public services, manage debt and […]readmore

PGF funding for Jobs for Nature programme

The Provincial Growth Fund will provide $11.88 million to fund fencing and waterway projects nationwide that will improve the environment and create jobs in their communities, Regional Economic Development Minister Shane Jones has announced. “These projects will create more than 100 jobs nationwide with work starting within the next couple of months. This will get […]readmore