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27 Dec 2024 14:49
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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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