New Zealand’s hottest political issue has been a controversial one.
A government-commissioned report says that it has contributed to the countrys recent economic woes and could see the country suffer even worse than the global financial crisis of 2008-2009.
Key points:The report found that the country has had a “significant increase in unemployment, unemployment rates, and wages” since the global recessionIt said the report highlighted the need for policy reformsThe report said the government needs to implement more investment, tax reform and a stronger fiscal stanceKey pointsA Government-committed report into economic growth, employment, and unemployment found that New Zealand has experienced a significant increase in its unemployment rate since the onset of the global economic downturnIn particular, the report found there were an increase in “employment rates that are significantly above the global average”.
The report comes as a key government source has suggested that the nation could suffer a financial crisis similar to that experienced by Greece.
“The world has been living in this mess for a long time,” New Zealand First leader Winston Peters told the Radio National programme.
“We need to do something about it.”
New Zealand’s economy is now “in a position of weakness and we’re not going to be able to recover from this, so that’s why we’re now having this big crisis.”
It’s going to have a profound effect on our economy.
“The report has also drawn criticism from those in the Labour Party who believe that New Zildjian’s policies are the main cause of the country s economic problems.”
New Zealand is a country where the labour market is very much open to people from all over the world, it’s very much competitive in terms of wages and productivity, it has an abundance of skilled workers, it is a small country, so there are opportunities for people to come here,” Ms Peters said.”
That’s what I want New Zealand to be for the next generation.
“The Government said that it was working on a range of reforms to the labour laws to address the problem of high unemployment and to strengthen the labour force.
It said that the reforms will involve:Improving the way that people receive unemployment benefits, including the provision of employment and training support, more training, and the introduction of flexible work arrangements.”
This will include the introduction and support for people who are in the labour-market as a result of a disability or illness, or a job loss, or who are unemployed for long periods of time, and who would like to receive additional support to help them get back on their feet.
“It also said that measures would be taken to increase employment opportunities for more Kiwis in particular those in lower income brackets, as well as ensuring that more people in lower-paid jobs get a job as part of their entitlements.
The Government has also said it would be introducing an extra $5 billion of extra investment in the economy over the next three years to address these problems.
The report was also critical of the Government for not implementing more investment and tax reform.”
Mr Peters said the Government needed to do more to improve the tax system, but would not say if that would involve cutting the top tax rate. “
However, there are significant weaknesses in the Government’s fiscal framework, and therefore a need to make changes.”
Mr Peters said the Government needed to do more to improve the tax system, but would not say if that would involve cutting the top tax rate.
Mr Peters has previously said he was against cutting the tax rate, arguing that it would encourage business investment and create more jobs.
New Zilds new government has also come under fire for its handling of the recent global financial meltdown.
In March last year, the Government announced a plan to raise $10 billion of new debt to help fund its deficit-reduction plans.
However, a few months later, it was revealed that the Government had also cut the amount of money available for a “new” bailout package.
That plan was then cancelled by the NZT as a way of trying to balance its books, but was subsequently reinstated.
What is the global economy?
The OECD says that the world economy is comprised of countries, regions and international organisations.
According to the World Economic Forum, New Zealand accounts for around 10 per cent of the worlds total economic output, which makes it one of the most important economies in the world.
As well as being a major economic power, New Zellians are also known for their unique culture, which is often seen as unique.