Economic Management

We can expect a lot of economic rhetoric in the lead up to November from our political leaders. What does history suggest with respect to two key economic indicators: production and employment?

If past performance is anything to go by we can expect either a National or Labour lead government to be associated with gradual increases in the actual amount of goods and services produced (green line) in the years to come.

At the same we can expect increasing unemployment (black line) under National and decreasing unemployment under Labour. The recent facts speak for themselves.

Sources: Reserve Bank