Savings Working Group interim report
Saving New Zealand:
Reducing Vulnerabilities and
Impediments to Growth
16 December 2010
Savings Working Group
Kerry McDonald, Chairman
1 Vulnerabilities mean stark choices
High foreign debt puts
New Zealand in a difficult economic situation.
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?