Economy starting to fire: Key

Last updated 11:09 15/03/2013

Relevant offers


Complaints about Work and Income up almost 30 per cent under National What 'special bond' between Australia and New Zealand? Ministry of Health forces managers to sign statements on DHB proposals A good dairy deal under the TPPA is unlikely as talks begin to wrap up Detention centres 'a sore that will fester' - Australian politician Maori Party co-leader Marama Fox and Tariana Turia disagree over Chris Brown Widower vows to campaign until assisted-dying law changed Giant pandas have Brownlee smiling broadly TPPA NZ talks push back deal deadline NZ funds pet projects but not life-saving drug treatment

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

Should the speed limit be raised to 110kmh on some roads?



Vote Result

Related story: 110kmh limit moves closer

Featured Promotions

Sponsored Content