INDEPENDENT NEWS

Honey, I shrank the economy - again

Published: Fri 24 Sep 1999 01:47 PM
Jim Anderton MP Fri Sep 24 1999
Alliance leader Jim Anderton says the GDP figures released today showing the economy shrank significantly between March and June are an election year disaster for National and Act.
'The economy has shrunk in three out of six quarters since Mrs Shipley became Prime Minister. She has been nothing short of a disaster,' Jim Anderton said.
'No government can be re-elected on dismal economic figures like this. Another three years of this kind of performance will bankrupt the country.
'Not only is the economy getting smaller when it desperately needs to grow, but they are blowing out our overseas deficit at the same time.
'The main reason the economy shrank was a marked drop in export earnings. The government has crucified the export sector with an unrealistic and extreme monetary policy.
'It's not only the Alliance which has been saying New Zealand's monetary policy is not working. Export businesses know it and the international finance community view it with dismay.
'The economy has taken a hit across a number of important sectors, especially agriculture and manufacturing which are supposed to be the backbone of the economy. Fishing, mining, energy, construction and business services have also been crushed.
'On Sunday Mrs Shipley will finally throw in the towel and announce an election date. It can't come soon enough. This government has to go.'
ENDS

Next in New Zealand politics

Wellington's public transport system to get $6.4b overhaul
By: RNZ
MSD systematically misused its investigatory powers
By: Office of the Privacy Commissioner
Safety focus in improved drug driver testing
By: New Zealand Government
Panel appointed to debrief police response to Terror Attacks
By: New Zealand Police
Gordon Campbell on the end game for the teachers strike
By: Gordon Campbell
Deputy PM's Post-Cabinet Press Conference 13/5/19
By: The Scoop Team
Wellington transport announcement against Treasury advice
By: RNZ
Green light from Govt to get Wellington moving
By: New Zealand Government
New taxes aren’t the transport solution Wellington wants
By: New Zealand National Party
Freeing up City Congestion for Public Transport
By: Greater Wellington Regional Council
LGWM to deliver design-led and people-focused city
By: Let's Get Wellington Moving
Let’s Get Wellington Moving announcement welcomed
By: Kapiti Coast District Council
Let’s Get Welly Walking
By: Living Streets Aotearoa
Big Picture Looks Promising, But The Details Are Murky
By: Save the Basin Campaign
Let's Get Welly Moving hides status quo thinking
By: Dr Jenny Condie
View as: DESKTOP | MOBILEWe're in BETA! Send Feedback © Scoop Media