Scoop has an Ethical Paywall
Growth Figures Good But No Room For Complacency
MEDIA RELEASE
27 September 2002
Growth
Figures Good But No Room For Complacency - CTU
“The
figure of 1.7% for the quarter for production GDP was higher
than market predictions and is a welcome sign that the
economy is in reasonably good shape,” said Council of Trade
Unions secretary Paul Goulter today.
“However, there is no room for complacency,” he said.
“The trade figures in terms of rising imports and falling exports alongside a rising investment income deficit are a reminder that the economy could weaken in the next year or so.”
Paul Goulter said the GDP figures for the June quarter confirm the strong performance of agricultural and manufacturing exports over the recent past.
“For the CTU, the key factors to foster long-term economic growth are investment in education including vocational skills, investment in quality infrastructure, creating a workplace environment that values the role of workers, an expansion of industry economic development processes, and greater dialogue between government, business and unions on productivity issues,” said Paul Goulter.
“What is clear is that the labour market is now a crucial factor in economic growth”, he said.
“That means we need to focus on not only maintaining the momentum in increasing employment, but also address the skills and innovative potential of workers in the labour market”.
ENDS
New Zealand Council of Trade Unions
Te Kauae Kaimahi
The New Zealand Council of Trade Unions Te Kauae Kaimahi brings together over 350,000 New Zealand union members in 40 affiliated unions. We are the united voice for working people and their families in New Zealand.
Business Canterbury: Urges Council To Cut Costs, Not Ambition For City
Wellington Airport: On Track For Net Zero Emissions By 2028
Landcare Research: ANZAC Gall Fly Release Promises Natural Solution To Weed Threat
NZ Anti-Vivisection Society: Auckland Rat Lovers Unite!
University of Canterbury: $1.35 Million Grant To Study Lion-like Jumping Spiders
Federated Farmers: Government Ends War On Farming
