Unemployment’s up, wages are flat, retail and export prices in freefall. Last week, the government didn’t get enough bids on its debt issue – usually it gets bids totaling 3 or 4 times what its issuing.
Last budget National promised 4% this year – it’s 1%. We’re in a second stall, threatening to turn into a double dip recession since National took office promising growth.
But never fear, the brighter future is just around the corner – again.
Key says the budget will show growth will be strong in 2013/14 -2 years from now.
He sounds like a WW1 general, every year promising the boys will be home by Christmas.