Written By: - Date published: 10:49 am, June 16th, 2017 - 51 comments
Categories: class war, economy, national, useless - Tags: brighter future, economic genius, economy, green economy, list, sustainable economy
Do voters really vote on “the economy”? I’m not so sure, but if they did, they shouldn’t vote for this lot. Grant Robertson:
The second successive quarterly fall in per person growth shows the need for a fresh approach to give all New Zealanders a fair share in prosperity, says Labour’s Finance spokesperson Grant Robertson.
Data released by Statistics New Zealand today shows that GDP per capita fell 0.1 per cent in the March Quarter, following an 0.2 per cent decline in the December Quarter. Exports fell 0.4 per cent, following a 3.2 per cent decline in the December Quarter and a 1.1 per cent decline in the September Quarter. The construction sector shrunk 2.1 per cent.
“After nine years, National is asleep at the wheel. The economy is going backwards on a per person basis, the export sector is in recession, and, now, construction is falling too. Relying on population growth and an overheated housing market to prop up the economy is a dangerously complacent approach.” …
In other headlines just this week:
Second quarter of slow growth for economy
NZ economy grows smaller-than-expected 0.5% in 1st quarter
Higher NZ deficit disappoints and surprises banks
Big Read: Hey! Where did my pay rise go?
NZ’s weak productivity in OECD’s sights
A cure for a productivity recession
Economy not meeting the needs of working people – where is the Governments strategy?
Our environment’s crucial role in the economy
NZ economy growing, but house prices a risk – OECD report
And one older piece:
New Zealand’s economic growth driven almost exclusively by rising population
I’m not a fan of “growth growth growth”. We need new thinking on the economy – zero emissions, sustainable, a big redistribution from rich to poor. But the list of woe above shows that even on their own old conventional terms the Nats are useless economic managers.