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27 Dec 2024 3:13
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  •   Home > News > Business

    Calls from the Prime Minister, for us to rethink how we think about foreign investment

    Calls from the Prime Minister, for us to rethink how we think about foreign investment


    A new OECD report has found, despite falling interest rates, New Zealand's economic momentum remains weak.

    It's projecting growth of 1.4 percent next year and 2.1 percent the following year.

    Christopher Luxon says we're dealing with both low productivity and a thin pool of capital.

    He says New Zealand has done a very poor job of attracting foreign investment -- viewing it as a privilege for someone to invest here, rather than a privilege to receive investment.

    The OECD is also urging the Government to consider splitting up the generation and retail arms of electricity "gentailers".

    © 2024 Newstalk ZB, NZCity

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     Today's News

    Accident and Emergency:
    Two boaties had to be winched from a Fiordland river after a Christmas Day boat ride almost turned deadly 21:57

    Accident and Emergency:
    The search for a man who swam away from police during a chase in the Bay of Plenty has been stood down for the night 21:17

    Boxing:
    Prayers and tears mark 20 years since Boxing Day tsunami that claimed 230,000 lives 20:17

    Environment:
    The gun has been fired under clear skies for the start of the Sydney to Hobart yacht race 18:57

    Soccer:
    Manchester City manager Pep Guardiola believes a lack of pre-season training is the major reason his team has been decimated by injury 18:37

    Cricket:
    The spirit of Christmas has done nothing to improve Virat Kohli's temper 18:07

    Law and Order:
    Friends and family of a man who swam away from police during a chase have gathered near the Port Ohope wharf waiting for news of their missing loved one 17:27

    Soccer:
    Tottenham manager Ange Postecoglou Ange Postecoglou denies he's an angry man, but is keen for the media to stop asking him the same questions ad nauseam 17:27

    Boxing:
    Contrasting half centuries from the Australian openers have blunted the Indian attack on Day One of the Boxing Day test in Melbourne 17:07

    Basketball:
    The Philadelphia 76ers have upset defending NBA champions the Celtics 118-114 in Boston, while out west 31 points from LeBron James has led the LA Lakers to a 115-113 win over Steph Curry's Golden State Warriors 16:57


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