Oliver Hartwich: We are at an economic crossroad

Mon, 21 Sep 2020

Dear minister,Let’s cut to the chase: New Zealand’s economy is in a perilous state. The covid-19 crisis is a one-in-100-year shock. All at once, it has decimated important industries, stretched the Crown’s balance sheet, opened the Reserve Bank’s floodgates and shaken business confidence.We are at a crossroads as a nation. Your actions as minister will decide whether New Zealand will remain one of the world’s developed countries or suffer a fall from grace. At worst, if you get the crisis response and recovery plan...

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