Economy starting to fire: Key

Last updated 11:09 15/03/2013

Relevant offers

Politics

Helen Clark continues to lag in new straw poll on next United Nations chief South Auckland motel residents 'pressured out' despite promises, tenant says PM Key looking to underdog Trump to beat expectations in first debate with Clinton Greens won't stand candidate in any Mt Roskill by-election Calls for crack down of Destination Wellington 'slush fund' from within council BMW and Charge Net to create 'electric highway' in NZ by 2018 My open letter to MP Louise Upston about dangerous dogs Neil Quigley replaces Rod Carr as chairman of the Reserve Bank of New Zealand John Key promotes Helen Clark. Andrew Little distances himself from her views. Say what? Student loan defaulters break $1b mark

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?

Yes

No

Vote Result

Related story: 110kmh limit moves closer

Featured Promotions

Sponsored Content