We need to unlock a 'Go' economy

We are working more hours but output is falling. (Image: Getty)

Thu, 30 Jan 2025

If you want a summation of the pickle New Zealand is in, look no further than the recent speech by the Reserve Bank’s chief economist, Paul Conway.Conway looks beyond the business cycle and at NZ’s long-term economic challenges and key factors influencing future growth or what we call potential growth, including productivity growth.It’s a good synopsis and an easy read.Potential growth is the line that drives living standards across the economy and society. It is a function of labour, capital, natural endowments, relative pric...

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