Gordon Campbell | Parliament TV | Parliament Today | News Video | Crime | Employers | Housing | Immigration | Legal | Local Govt. | Maori | Welfare | Unions | Youth | Search

 

Better Than Expected GDP Shows Resilience Of The New Zealand Economy

Official Figures today from Statistics New Zealand demonstrated the strength of the New Zealand economy.

CTU Economist Craig Renney said “GDP fell by 3.7% with the fall being driven by the Auckland COVID lockdown. This result beats recent forecasts from the Reserve Bank and the Treasury of predicted falls of 7% and 6% respectively. These figures also point to the success of the government’s programme to support the economy during lockdown periods

“The figures today show that the economy has continued to expand even when we look back over the whole period of COVID, with GDP growth being positive since December 2019. On an annual basis GDP per capita grew 4%. With the ending of lockdowns and reductions in restrictions there is every reason to be optimistic about the economic outlook for 2022.

CTU Economist Craig Renney said “The strength of these figures show that now is the time to be making the essential long-term investments in New Zealand. These figures demonstrate that we can both afford quality public services and fairly-paid essential workers. We can afford to tackle the problems facing the country from COVID to climate change. We can also afford to deliver a Minimum Wage that meets the Living Wage”.

© Scoop Media

 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Gordon Campbell: On Our Local Responses To The Global Problems Of Inflation


In the United Kingdom, inflation is running at its highest rate in 30 years. In the US, inflation hit 7% during 2021. You wouldn’t want to be in Estonia, where inflation has just hit 12%. Across the Eurozone – the measurement methods vary – inflation is averaging out at 5%. In Canada, inflation is running at its highest level in 30 years. Inflation is not simply a problem afflicting developed countries. In a developing country like Brazil inflation is running at its highest level in seven years...
More>>



 
 

Government: Building And Shaping A City: Future-proofing Auckland Transport Infrastructure
The Government is bringing Auckland’s transport infrastructure into the future by moving forward with an additional Waitematā Harbour crossing, progressing light rail from Auckland’s CBD to the airport, and creating a linked-up rapid transport network as part of a 30-year plan... More>>

The Treasury: Financial Statements Of The Government Of NZ For The 5 Months Ended 30 November 2021
Interim Financial Statements of the Government of New Zealand for the 5 months ended 30 November 2021... More>>

ALSO:


Government: Announces Three Phase Public Health Response To Omicron
The Government has announced a three phase Omicron plan that aims to slow down and limit the spread of an outbreak, Associate Minister of Health, Dr Ayesha Verrall announced today. “Through the course of managing Omicron, we will be taking a phased approach. As case numbers grow both testing and isolation approaches will change in response... More>>



Ministry Of Transport: Have Your Say On The Future Of Road User Charges
Te Manatū Waka Ministry of Transport is inviting New Zealanders to submit their views on improving the Road User Charges system, says Secretary for Transport, Peter Mersi... More>>


TradeMe: New Zealand Rents Climb $40 Per Week In One Year

New Zealand’s national median rent climbed $40 a week in 2021 to reach $560 in December, according to Trade Me’s latest Rental Price Index. Trade Me Property Sales Director Gavin Lloyd said last month’s national median weekly rent showed an 8 per cent annual increase... More>>


Transparency International: New Zealand Retains Top Ranking In Annual Corruption Perceptions Index
New Zealand is once again ranked least corrupt in the world by Transparency International’s annual Corruption Perceptions Index. This year New Zealand’s score of 88 out of 100 is unchanged resulting in it being first equal with Denmark and Finland... More>>

 
 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

InfoPages News Channels