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


Scorecard shows anti-growth environment

Media release
8 December 2003

Scorecard shows anti-growth environment

The latest Changing Gear scorecard again shows the difficulties faced in growing business and the economy, says Business NZ.

Releasing the latest update (attached), Business NZ Chief Executive Simon Carlaw said the scorecard showed New Zealand either static or falling behind on most key indicators.

The Changing Gear scorecard is a set of objective indicators of the environment for accelerated economic growth, devised in 2001 and updated regularly since.

"The key indicator - wealth of New Zealanders - is declining," Mr Carlaw said. "We are not catching up with the citizens of the richest countries. This has a direct relationship with the length of our hospital waiting lists and our ability to shorten them.

"Our work stoppage figures are far from the target, as are indicators for the tax burden, roading expenditure and local government expenditure. Only six of the 22 indicators show improvement over 2002.

"The scorecard represents an objective measure of our progress towards a growth culture. On current performance, we have a long way to go."

The 2003 scorecard was completed before the introduction of the Employment Relations Law Reform Bill and other recent legislative initiatives that will also impact negatively on New Zealand's growth potential.

*The Changing Gear scorecard 2003 is on

© Scoop Media

Business Headlines | Sci-Tech Headlines


R&NTU: KiwiRail strike notices withdrawn following new offer

Strike notices on KiwiRail have been withdrawn. Rail and Maritime Transport Union General Secretary Wayne Butson says following negotiations between the RMTU and KiwiRail, a new offer from KiwiRail will be taken back to union members for ratification... More>>

Banking: Stress Tests Show Strengthening Bank Resilience

The latest stress tests carried out by the Reserve Bank of New Zealand – Te Pūtea Matua show strengthening resilience in the banking sector and the benefits of continuing to build capital buffers... More>>

Statistics: Building Activity Down In September Quarter
The volume of building activity in New Zealand fell 8.6 percent in the September 2021 quarter, compared with the June 2021 quarter, Stats NZ said today. Residential building activity fell by 6.4 percent in the September 2021 quarter, while non-residential building activity fell 12 percent... More>>

Reserve Bank: Deputy Governor Reflects On Time At RBNZ
Central bankers must continue to look forward to guard against the unpredictable, Deputy Governor Geoff Bascand says in a speech published today. Mr Bascand joined the Reserve Bank of New Zealand – Te Pūtea Matua in 2013 during the aftermath of the Global Financial Crisis... More>>

Xero: Data Reveals ICT Expenditure Key To Small Business Sales Growth
Xero, the global small business platform, today released a new report which shows New Zealand small business ICT expenditure has increased 25 percent compared to pre-pandemic levels - more than the UK (20%) and Australia... More>>

Fonterra: Lifts Forecast Farmgate Milk Price Range And Revises Earnings Guidance At First Quarter Update

Fonterra Co-operative Group today lifted its 2021/22 forecast Farmgate Milk Price range, reported a solid start to the 2022 financial year and revised its earnings guidance... More>>

Canterbury Museum: New Research - Bald Haast's Eagle Feasted On Moa Guts

New Zealand’s extinct Haast’s Eagle (Hieraaetus moorei), the largest known eagle, gulped down viscera like a vulture and may even have been bald, new research suggests... More>>