Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 

GDP figure good sign - quality of growth important

MEDIA RELEASE

21 December 2000


MEDIA RELEASE

21 December 2000


GDP figure a good sign but quality of growth important- CTU

“The quarterly increase of 0.7% of GDP shows that the economy is in reasonable shape,” said Council of Trade Unions economist Peter Conway today.

“The GDP figures confirm that the business sector criticisms of Government policy were more political than real.

“However the outlook is not so rosy that an increase by the Reserve Bank in the official cash rate on 24 January would be justified. There is no evidence of strong domestic demand, and there are early signs of a weaker global outlook.”

Peter Conway said that, although the CTU welcomed the GDP figures, workers were hoping for a sustained period of growth that could deliver quality jobs and rising incomes.

“This would be in contrast to the type of growth we have had at times in the last decade which has been on the back of poor quality jobs and debt-based consumption. This means that it is the quality as much as the quantity of growth that matters in the long run,” he said.


For further information contact Peter Conway 04 8023816, 025 939 748, or 04 383 9803 (h)

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 


Digitl: The home printer market is broken
Printers are more of a security blanket that a serious aid to productivity. Yet for many people they are not optional.
Even if you don’t feel the urge to squirt ink onto dead trees in order to express yourself, others will insist on printed documents... More>>


Serious Fraud Office: Commences Enquiries Into Allegations Of COVID-19 Wage Subsidy Fraud
The Serious Fraud Office has commenced a number of enquiries into alleged abuse of the Government’s COVID-19 Wage Subsidy. Director Julie Read said the allegations relate to multiple complex cases of potential fraud that have been referred to the agency following extensive investigations ... More>>



Environment: Preliminary Environmental Data On New Zealand’s Air Quality Released Today

The Ministry for the Environment and Stats NZ have published the Our air 2021: preliminary data release today. We are currently working to revise the Our air 2021 report to incorporate analysis of the World Health Organization (WHO) 2021 air quality guidelines that were released on 23 September 2021... More>>

ComCom: Companies In Hot Water For Selling Unsafe Hot Water Bottles And Toys

A wholesaler and a retailer have been fined a total of $140,000 under the Fair Trading Act for selling hot water bottles and toys that did not comply with mandatory safety requirements. Paramount Merchandise Company Limited (Paramount) was fined $104,000 after pleading guilty in the Manukau District Court... More>>



Reserve Bank: Robust Balance Sheets Yield Faster Economic Recovery

Stronger balance sheets for households, businesses, financial institutions and the government going into the pandemic contributed towards maintaining a sound financial system and yielding a faster economic recovery than following previous deep recessions... More>>


Transpower: Releases Independent Report Into Events Of August 9
Transpower’s Chief Executive Alison Andrew has today released an independent report into the grid emergency of August 9 when insufficient generation was available to meet demand, leading to some customers being disconnected... More>>