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

Election Day: Make Sure You're A Part Of It!

Saturday 20 September, is election day, and New Zealanders’ last chance to have a say on who leads the country for the next three years.

“The people and parties we elect tomorrow will be making the decisions that affect us, our families and our communities,” says Robert Peden, Chief Electoral Officer. “It doesn’t get much more important than that, and we need all New Zealanders to use their voice and vote.”

Voting places will be open from 9.00am until 7.00pm on election day. The busiest time at voting places is usually 9.00am - 11.00am.

“Take your EasyVote card with you when you go to vote, as it will make voting faster and easier, and vote close to home if you can. But don’t worry if you forget your card, or didn’t receive one, because as long as you are enrolled to vote, your voice will be heard,” says Mr Peden. More>>

 

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
Parliament
Search Scoop  
 
 
Powered by Vodafone
NZ independent news