OECD report: Problem areas New Zealand needs to fix | 1News

Описание: New Zealand is being told it needs to get inflation under control, balance the books, raise educational achievement, and lift productivity.

The Organisation for Economic Co-operation and Development's (OECD) annual survey highlighted a familiar list of problem areas that needed attention — and forecast economic growth of less than 1% this year, rising to just under 2% next year.

It said economic growth has stalled and a "rebalancing" was under way to counter high inflation and large budget deficits caused by increased spending during the pandemic.

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