Business of Government: growth vs productivity, investors vs property owners, Upton vs Seymour, and more ...

The PM wants jobs and GDP growth at any cost, including, perhaps, productivity. (Image: NZME)

Wed, 29 Jan 2025

Saying 'yes' to unproductive growthIt’s not unusual for political rhetoric to contradict itself, but when key elements of the Government’s strategy contradict each other, then, Houston, we’ve got ourselves a more substantial problem.A case in point is the Government’s desire to boost tourism numbers by any means necessary.It kind of makes sense if New Zealand has spare capacity in that sector, and stoking demand won’t have inflationary impacts, causing the central bank to hold off lowering the official cash...

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