Economy starting to fire: Key

Last updated 11:09 15/03/2013

Relevant offers


Minister welcomes NZ's first three way kidney exchange 'Australia has no greater friend' - what Julie Bishop really thinks of New Zealand Greens call on Government to 'call in' major gas-fired power plant under RMA Auckland businessman William Yan set to head back to China for questioning Stacey Kirk: Grim prospects for suicide, as conversation goes quiet Security threats focus of Australian foreign minister's visit Stacey Kirk: tension still boils below the surface but cooler heads prevailing between New Zealand and Fiji Fiji Prime Minister extends personal invitation to banned TV journo Barbara Dreaver Cambridge locals barking mad at MP's response to dog breed law questions Fiji's Frank Bainimarama and Prime Minister John Key 'let bygones be byones' after diplomatic talks

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