Finance minister resists calls for fiscal stimulus

Tue, 03 Sep 2019

By Victoria Young Sept. 3 (BusinessDesk) - Finance Minister Grant Robertson says he will spend if necessary but for now he is resisting calls to use fiscal policy to stimulate New Zealand’s economy. Economists have expressed concerns about the state of the economy as cooling domestic growth and international headwinds prompted the Reserve Bank to cut the official cash rate by 50 basis points to 1 percent last month in an effort to encourage more investment. “The signal I am trying to send quite clearly is that if we see further deter...

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