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Economy Well-Placed To Weather Global Slowdown
Thursday, 22 November 2001, 9:22 am
Press Release: New Zealand Government
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Finance Minister Michael Cullen said the latest National
Bank Regional Trends survey was yet more evidence that New
Zealand was well-placed to weather the effects of a global
slowdown.
“It shows continuing growth across most regions
in the September quarter, and nationwide growth in the
September year of 3.4 percent.
“As a trading nation, New
Zealand cannot help but be affected by a deterioration in
the international outlook. But the strong start to the year
will give the economy the resilience and momentum to cope
with the downturn, and to take early advantage of a world
recovery,” Dr Cullen said.
Ends
© Scoop Media

Gordon Campbell: On the Sony cyber attack
Given the layers of meta-irony involved, the saga of the Sony cyber attack seemed at the outset more like a snarky European art film than a popcorn entry at the multiplex.
Yet now with (a) President Barack Obama weighing in on the side of artistic freedom and calling for the US to make a ‘proportionate response’quickly followed by (b) North Korea’s entire Internet service going down, and with both these events being followed by (c) Sony deciding to backtrack and release The Interview film that had made it a target for the dastardly North Koreans in the first place, then ay caramba…the whole world will now be watching how this affair pans out. More>>