Report: swgintrep16dec10.pdf]
SAVINGS WORKING GROUP
Interim Report
Saving New Zealand:
Reducing Vulnerabilities and
Impediments to Growth
16 December 2010
Savings Working Group
Kerry McDonald, Chairman
Craig Ansley
Andrew Coleman
Mary Holm
John McDermott
Paul Mersi
Stephen Toplis
1 Vulnerabilities mean stark choices
High foreign debt puts New Zealand in a difficult economic situation. The
country is vulnerable – some say “highly vulnerable”. And continued increases
in debt are unsustainable.
There is an urgent need for both the government and household sectors to lift
productivity and national savings, and to strengthen our international
competitiveness and tradable (export and importsubstituting) goods and
services industries.
What caused this situation?
…
[Report: swgintrep16dec10.pdf]