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Declining export income tumbles further
Declining export income tumbles further
New Zealand's export income has now declined for every one of the past 12 months compared with the same month in the previous year, says the National Party Trade Spokesman, Lockwood Smith.
"Our export income for the past 12 months is now a massive $2.4 billion less than it was in the previous 12 months.
"That's an even bigger slump than was apparent just a month ago and will inevitably add to the country's economic woes," says Dr Smith.
"Add that to the latest appalling business confidence figures, world economic growth projections and the Labour Government's anti-growth policies, and a pretty bleak looking winter is looming.
"It's a paradox that this week Prime Minister Helen Clark has chaired the OECD Ministerial in Paris on growth policies, at the very time her Government here completely ignores OECD analysis about which government policies are supportive of economic growth," says Dr Smith.
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