“The Government’s budget fails to promote real economic growth, the New Zealand Manufacturers and Exporters Association (NZMEA) says.”
“Low levels of export growth have contributed to the low levels of GDP growth per capita in New Zealand. Export growth has been considerably lower than other OECD countries since the mid-1980s with the trade balance contributing $3.4 billion of the current account deficit. However, a massive imbalance of inwards and outwards investment has contributed a far larger proportion to the blow out in the deficit.”