Gordon Campbell | Parliament TV | Parliament Today | Video | Questions Of the Day | Search


GDP recovers after dismal second quarter

21 December 2000

GDP recovers after dismal second quarter

National's Finance spokesman Bill English says the September quarter GDP figures are "A welcome return to growth after the dismal second quarter".

"In this last calendar year New Zealand lost over a billion dollars of growth in employment and investment because of the Government's mishandling of the economy.

"Much of the recent growth is on the back of improved farmgate returns, due to strong international commodity prices coupled with a low dollar.

"The dollar has subsequently rallied in value and there are also signs that the conditions for commodities won't be so positive next year, as trading partner growth slows.

"The economy next year will benefit from the flow-on of this year's strong export returns, but after that, the outlook is not so robust.

"Earlier this week Treasury confirmed that after a spike in growth to 3.7% in the year to March 2002, growth would settle at an unspectacular 2.6-2.8% per annum for the following three years.

"That is not strong growth. If New Zealand is striving to close the gap in living standards between us and the rest of the world, that level of growth will be woefully inadequate," Mr English said.


© Scoop Media

Parliament Headlines | Politics Headlines | Regional Headlines

Scoop 3.0: How You Can Help Scoop’s Evolution

Entering into its third decade of operation, the Scoop news ecosystem is set to undergo another phase of transformation and evolution.

We have big plans for 2018 as we look to expand our public interest journalism coverage, upgrade our publishing infrastructure and offer even more valuable business tools to commercial users of Scoop. More>>


Speaking Of Transport: Public Engagement On Wellington Scenarios

“Our work on possible solutions for Wellington’s transport future is ongoing, but has progressed to the stage where we’re ready to share our ideas with the public and seek their feedback to help guide our next steps...” More>>


Parental Leave: National's Time-Sharing Change Fails

National has proposed a change to the Parental Leave and Employment Protection Amendment Bill that would allow both parents to take paid parental leave at the same time, if that is what suits them best. More>>


Train Free Thursday: Workers Strike To Defend Terms Of Employment

"They signed up to these conditions a year ago when they got the contract for Wellington's rail services. Now they're trying to increase profits by squeezing frontline workers." More>>


Seclusion: Ombudsman Emphasises Importance Of Monitoring

Disability Rights Commissioner Paula Tesoriero says that while there have been changes to the Education (Update) Amendment Act 2017 to prohibit the use of seclusion, the report is an important reminder of the importance of regular monitoring of schools. More>>


United Future History: "All Good Things Must End"

'We’re extremely proud of what we’ve achieved over the past 15 years, working alongside the government of the day, both National and Labour.' Mr Light told members on Monday. More>>

Gordon Campbell: On The TPP Outcome, And The Hobbit Law

Somehow the Trans Pacific Partnership trade deal has come lurching back from the dead – and as predicted in this column last week, the member countries gathered in Vietnam have announced a deal in broad principle, shunted aside until a later date the stuff on which they don’t agree, and declared victory. More>>

Agreeing To Differ: Greens Maintain Opposition To TPPA
“The Green Party has long opposed the TPPA. The new proposed deal, which came out of the weekend’s talks, still contains key ISDS concessions to corporations that put our democracy at risk, so our position remains the same,” said Green Party trade spokesperson Golriz Ghahraman. More>>


Monitoring Report: A New Chapter For Children’s Rights In New Zealand?

The Children’s Commissioner is calling on the country to embrace children’s rights to ensure their overall well-being. More>>





Featured InfoPages

Opening the Election