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Savings Working Group interim report
[From: Savings Working Group website
Report:
swgintrep16dec10.pdf]
SAVINGS WORKING
GROUP
Interim Report
Saving New Zealand:
Reducing
Vulnerabilities and
Impediments to Growth
16 December
2010
Savings Working Group
Kerry McDonald,
Chairman
Craig Ansley
Andrew Coleman
Mary
Holm
John McDermott
Paul Mersi
Stephen Toplis
1 Vulnerabilities mean stark choices
High foreign debt puts
New Zealand in a difficult economic situation.
The
country is vulnerable – some say “highly
vulnerable”. And continued increases in debt are
unsustainable.
There is an urgent need for both the government and household sectors to lift productivity and national savings, and to strengthen our international competitiveness and tradable (export and importsubstituting) goods and services industries.
What caused this situation?
…
[Report: swgintrep16dec10.pdf]
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