

https://www.scoop.co.nz/stories/PO1012/S00191/savings-working-group-interim-report.htm

Savings Working Group interim report

Thursday, 16 December 2010, 5:14 pm
Press Release: Savings Working Group

[From: Savings Working Group website
Report: swgintrep16dec10.pdf]

SAVINGS WORKING GROUP
Interim Report
Saving New Zealand:
Reducing Vulnerabilities and
Impediments to Growth
16 December 2010

Savings Working Group
Kerry McDonald, Chairman
Craig Ansley
Andrew Coleman
Mary Holm
John McDermott
Paul Mersi
Stephen Toplis

1 Vulnerabilities mean stark choices

High foreign debt puts New Zealand in a difficult economic situation. The
country is vulnerable – some say “highly vulnerable”. And continued increases in debt are unsustainable.

There is an urgent need for both the government and household sectors to lift productivity and national savings, and to strengthen our international competitiveness and tradable (export and importsubstituting) goods and services industries.

What caused this situation?

…

[Report: swgintrep16dec10.pdf]

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