Economy starting to fire: Key

Last updated 11:09 15/03/2013

Relevant offers

Politics

NZ to help protect Pacific fisheries Will you be voting in this election? Greens' pledge for Maui's dolphins Beehive Live: July 30, 2014 Ron Mark eyes return to parliament Bill capping development charges passed The redneck race is on, says Maori Party Oil exec junket needed: Govt Work, wages revamp planned Christchurch housing 'human rights issue'

The New Zealand economy is emerging from tough economic times, Prime Minister John Key says.

Speaking in Auckland this morning, Key said he "didn't want to oversell things" but the economy was improving.

The Government was on track to a return to surplus in 2014-15, the tax take was on track, the Christchurch rebuild progressing, the business community more positive, Resource Management Act reform progressing and construction strong in Auckland and Christchurch, he said.

"In the end New Zealand is sort of coming out the end," he told the GE Capital Building Better Business event.

"Can we reposition ourselves over the next decade and become a wealthy nation? I reckon we can."

Speaking about his "how to make the boat go faster" job as prime minister, Key said the emergence of Asia and resulting shift in global power provided a huge opportunity for New Zealand.

Just back from Latin America, Key said the trip was "an incredible example of where good public policy works and bad public policy doesn't".

There was no single silver bullet, but good public policy and labour laws, low interest rates and strong capital markets all helped make things easier for businesses to navigate, he said.

"We are never going to be able to control the exchange rate, the only thing that will work is if we sell things the world wants."

Ad Feedback

- Stuff

Special offers
Opinion poll

Would you cast a tactical vote against your preferred party?

Yes, whatever it takes for the right result

No, what are we without principles?

Grudgingly, but coat-tailing must go

Vote Result

Related story: Fringe parties look for deals

Featured Promotions

Sponsored Content