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

 


NZ Economy On Track For Moderate Growth

Hon Bill English
Minister of Finance

20 December 2012
Media Statement

NZ Economy On Track For Moderate Growth

The economy remains on track for moderate growth over the next few years, despite growth predictably easing a little in the September quarter, Finance Minister Bill English says.

Gross domestic product grew 0.2 per cent in the three months to 30 September. This took annual growth – from the September quarter 2011 to the September quarter 2012 - to 2 per cent, after revisions by Statistics New Zealand to reflect extra data.

“After coming off a good growing season and a strong year for agriculture, other indicators had already pointed to a slightly softer performance in the third quarter,” Mr English says.

“However, there are signs that the pace of growth has picked up in recent months, with rising consumer and business confidence and a further strengthening of construction activity.

“We shouldn’t get distracted by the quarterly movements, particularly with the global environment remaining uncertain. What’s important is that the economy is on track for 2 per cent-plus growth over the next few years - and that’s the focus of the Government’s programme to increase productivity and competitiveness.

“We’re also taking many concrete steps through the Business Growth Agenda to help support businesses in creating jobs. The unemployment rate is too high and this will be a particular focus for the Government in 2013.

“Despite global headwinds, New Zealand is performing better than many other countries. We’re seeing positive signs through higher savings, households and businesses paying down debt, and interest rates and inflation remaining low.”

ENDS

© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

 

Auckland Relocation Grants: 12 Grants Paid So Far

Since the policy took effect one month ago, 12 applicants have received the non-recoverable grant, supporting 32 people. $54,508 has been paid out, covering things like moving costs, bond, rent in advance and letting fees. More>>

ALSO:

Vaccine Funding Change: HPV Vaccines For All Children

PHARMAC has today announced changes to funded vaccines, which will benefit an extra 100,000 people... The human papillomavirus (HPV) vaccine will be available for all children and adults up to the age of 26 years, and boys will now be included in the HPV school vaccination programme. More>>

ALSO:

Gordon Campbell: On Why The Opinion Polls For Key And Trump Defy Gravity

What is going on? Donald Trump got confirmed as the Republican presidential candidate at a bizarrely chaotic political convention… and promptly received an upwards bump in the polls to where he’s now rating ahead of Hillary Clinton, for only the second time this year. More>>

Sugar: Auckland Leisure Centres Axe Unhealthy Drinks

Auckland Council is to stop selling drinks that are sweetened by sugar from vending machines at its leisure centres in a bid to try to reduce obesity and type 2 diabetes... More>>

ALSO:

Gordon Campbell: On Todd McClay’s Faulty Memory

Time and again, whenever an issue arises the initial response by government is to deny or diminish the problem – nothing to worry about here, everything’s OK, move on. Then, hang on. In line with the usual pattern, as embarrassing details emerged into daylight, the story changed. More>>

ALSO:

Labour's 'Future Of Work': Major Reform Of Careers And Apprenticeships

The next Labour Government will transform careers advice in high schools to ensure every student has a personalised career plan, Leader of the Opposition Andrew Little says. More>>

ALSO:

State Investments Management: Treasury Likes IRD, Not Education Or Corrections

The Inland Revenue Department has scored an 'A' in the first tranche of the Treasury's investor confidence rating for state agencies that manage significant Crown investments and assets, gaining greater autonomy as a result, while the Corrections and Education ministries gained a 'C' rating. More>>

ALSO:

Govt Goal: NZ To Be "Predator Free" By 2050

Prime Minister John Key has today announced the Government has adopted the goal of New Zealand becoming Predator Free by 2050... “That’s why we have adopted this goal. Our ambition is that by 2050 every single part of New Zealand will be completely free of rats, stoats and possums." More>>

ALSO:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
 
Parliament
Search Scoop  
 
 
Powered by Vodafone
NZ independent news