NZ economy doesn't need fiscal stimulus yet, PM Key says

Mon, 06 Jul 2015

By Paul McBeth July 6 (BusinessDesk) - New Zealand's economy is still fairly robust and doesn't need increased government spending to give it a kickstart, Prime Minister John Key says. The government is ready to provide support to the economy if it starts showing signs of slowing, but Key doesn't think it's there yet, he said at his weekly post-Cabinet press conference in Wellington. ANZ Bank New Zealand economists today said local and central government balance sheets are strong enough to absorb a downward shift in the economic cycle, an...

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