Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 

Latest economic figures expose gloom merchants

Latest economic figures expose gloom merchants

Source: CTU

--

Gross Domestic Product statistics out today are further evidence that business commentators’ attempts to darken economic and political confidence are out of step with reality, Council of Trade Unions President Richard Wagstaff says.

"At the election, this Government rode in on a platform of making our economy work better for average New Zealanders, rather than just the few with plenty. Since then, there has been a carefully coordinated campaign from vested interests to talk the business community into depression" he said.

"But the stats out today show that businesses are doing well. Overall, G.D.P was up by 1 percent in the three months to June. This exposes the gloom merchants trying to undermine better sharing in our economy with their Chicken Little rhetoric. GDP per person was up 0.5 percent over the three months, the largest increase in two years and more than the average 0.3 percent of the previous Government."

"We expect the Wellbeing Framework will further our understanding of economic performance, and give us more perspective on how our nation is faring."

"The real story here is that when the Government has a clear work programme and the basics of economic activity are good, most people, including business owners will keep calm and carry on. That’s the kind of pragmatism that has always driven Kiwi enterprise, and we don’t expect it to change any time soon."

ENDS


© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Budget Policy Statement: 'Wellbeing Of NZers At The Heart Of Budget Priorities'

“We want a wellbeing focus to drive the decisions we make about Government policies and Budget initiatives. This means looking beyond traditional measures - such as GDP - to a wider set of indicators of success,” Grant Robertson said. More>>

ALSO:

Short Of 2017 Record: Insurers Pay $226m Over Extreme Weather

Insurers have spent more than $226 million this year helping customers recover from extreme weather, according to data from the Insurance Council of NZ (ICNZ). More>>

Environment Commissioner: Transparent Overseer Needed To Regulate Water Quality

Overseer was originally developed as a farm management tool to calculate nutrient loss but is increasingly being used by councils in regulation... “Confidence in Overseer can only be improved by opening up its workings to greater scrutiny.” More>>

ALSO:

Deal Now Reached: Air NZ Workers Vote To Strike

Last week union members voted overwhelmingly in favour of industrial action in response to the company’s low offer and requests for cuts to sick leave and overtime. More>>

ALSO: