English to attend World Economic Forum

Last updated 10:24 16/01/2014

Relevant offers

Politics

Data suggests Labour out till 2020 Beehive Live: Twitter tussle Moveable feast for leadership South Korean free trade agreement 'close' Leadership goes beyond charisma McCully scolds 'impotent' Security Council over Syria David Cunliffe's wife in Twitter potshots Turia's 'beaten wives' slur rejected by Labour's Davis Election jitters see confidence fall Russian trade deal in limbo

Finance Minister Bill English will attend the World Economic Forum annual meeting in Davos, Switzerland next week.
 
It is the first time he has gone to the annual meeting which attracts around 3,000 political, business and economic leaders from around the world.
 
"The Forum will provide me with an opportunity to better understand the global risks to New Zealand's positive economic outlook," English said.

''It will also provide me with a clearer understanding of how the people and markets we trade with are thinking about our common challenges.''

English said he was particularly interesting in discussions about ''returning to what many call 'natural growth''' as economies exit from large monetary and fiscal stimulus programmes.
 
He said the unwinding of stimulus programmes by large economies would have an effect on small, open economic like New Zealand.

He leaves for Switzerland on January 20 and returns on January 27.

The Davos forum's founder, Klaus Schwab, told reporters Wednesday at the organisation's lavish headquarters overlooking Lake Geneva that the event seeks to ''push the reset button'' on the world's crisis mode.

He expects there to be ''cautious optimism'' among the attendees, but also realistic expectations about what could be achieved. It will be hard, for example, to expect the global economy to return to the high growth rates it enjoyed before the 2008-09 financial crisis.

''Confidence seems to come slowly back,'' Schwab said of the world economy. ''It's like running with a heavy backpack on your shoulders.''

- with AP

Ad Feedback

- Fairfax Media

Special offers
Opinion poll

Should David Cunliffe lead Labour again?

Yes

No

Not sure

Vote Result

Related story: Cunliffe, Robertson trade blows

Featured Promotions

Sponsored Content