Budget Test Of Growth Forecasts
One of the tests for tomorrow's Budget will be the
credibility of the underlying economic assumptions,
Opposition Finance spokesperson Bill English said
"Today, two reputable economic forecasters have
released revised estimates of GDP growth for the next 12
"The NZIER is forecasting growth of 3.0% for the
year to March 2001, while BERL is forecasting 2.7% for the
"This is significantly lower than the 3.7% Dr
Cullen was forecasting at the time of the BPS.
Cullen has not brought his growth forecasts down, the Budget
will have lost credibility right from the start.
Dr. Cullen is forecasting rising expenditure in an
environment of slowing growth.
"If the forecast downturn
in activity over the next three years is any sharper, the
Government will have to significantly revise their fiscal
plans which means the surpluses could be at risk."
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Hope For Nature: A New Deal For The Commons
Joseph Cederwall on The Dig: The disruption and destruction of the interconnected biodiversity of Earth is the most serious challenge humanity has ever faced. This is an ecosystem emergency on an extinction scale. It is also a serious threat to the inherent rights of the diversity of non-human life, ecosystems and human Cultures on Earth to exist and thrive. The current global paradigm is devastating life everywhere by disrupting vital “ecosystem services” like the food, water, and climate regulation systems that both humanity and biodiversity depend on in an interconnected balance. It is increasingly clear that the primary driver of this crisis is the limiting and infectious worldview around land and resource use so central to the global capitalist system. To fully understand the biodiversity crisis and explore what comes next, it is necessary to address this mind-virus at the heart of our modern civilisation – the dominion worldview. More>>