INDEPENDENT NEWS

Latest economic figures expose gloom merchants

Published: Thu 20 Sep 2018 01:02 PM
Latest economic figures expose gloom merchants
Source: CTU
--
Gross Domestic Product statistics out today are further evidence that business commentators’ attempts to darken economic and political confidence are out of step with reality, Council of Trade Unions President Richard Wagstaff says.
"At the election, this Government rode in on a platform of making our economy work better for average New Zealanders, rather than just the few with plenty. Since then, there has been a carefully coordinated campaign from vested interests to talk the business community into depression" he said.
"But the stats out today show that businesses are doing well. Overall, G.D.P was up by 1 percent in the three months to June. This exposes the gloom merchants trying to undermine better sharing in our economy with their Chicken Little rhetoric. GDP per person was up 0.5 percent over the three months, the largest increase in two years and more than the average 0.3 percent of the previous Government."
"We expect the Wellbeing Framework will further our understanding of economic performance, and give us more perspective on how our nation is faring."
"The real story here is that when the Government has a clear work programme and the basics of economic activity are good, most people, including business owners will keep calm and carry on. That’s the kind of pragmatism that has always driven Kiwi enterprise, and we don’t expect it to change any time soon."
ENDS
New Zealand Council of Trade Unions
Te Kauae Kaimahi
The New Zealand Council of Trade Unions Te Kauae Kaimahi brings together over 350,000 New Zealand union members in 40 affiliated unions. We are the united voice for working people and their families in New Zealand.
Contact New Zealand Council of Trade Unions
Website:
Twitter:
YouTube:
Phone:
Facebook:
Physical Address:
Level 7, West Block, Education House, 178 Willis St, Wellington.
Media Contact:
huiaw@nzctu.org.nz
Postal Address:
PO Box 6645, Marion Square, Wellington 6141.

Next in Business, Science, and Tech

An end to unnecessary secondary tax
By: New Zealand Government
Boeing 737 Max Aircraft Operations Temporarily Suspended
By: Civil Aviation Authority
Crime-busting software wins top science prize
By: PM's Science Prizes
High Court delivers decision on Cullen Group case
By: Inland Revenue Department
Plea for EQC rethink as insurers withdraw from market
By: RNZ
New Zealand rated third best in OECD for working women
By: RNZ
NZ First Applauds Changes to Remove Burden of Seconary Tax
By: New Zealand First Party
Anti-CGT assault masks real support for increasing fairness
By: Equality Network
NZ suspends Boeing 737 MAX – Expert Reaction
By: Science Media Centre
PM’s top science prize goes to DNA crime scene software
By: New Zealand Government
Urgency sparks action for PMs Science Communication winner
By: PM's Science Prizes
Winning researcher brings hope for those with gut issues
By: PM's Science Prizes
Teacher bases winning ways on developing curious minds
By: PM's Science Prizes
Young physicist third student to become Future Scientist
By: PM's Science Prizes
Eric Watson's Cullen Group avoided $51m in tax: High Court
By: RNZ
View as: DESKTOP | MOBILEWe're in BETA! Send Feedback © Scoop Media