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Why NZ’s Economy is Taking the Biggest Knock in the Developed World
HSBC chief economist Paul Bloxham once described New Zealand as a "rockstar economy" - but says that is far from the case right now.
Bloxham said those reforms should reduce regulatory obstacles, improve competition and focus on attracting foreign investment, alongside targeted use of the public sector balance sheet. He said it would be modelled on Irish and Singaporean best practice, seeking investment into banking and fintech, manufacturing, private sector growth, and critical infrastructure including roading and energy. "Policymakers need to be clearly focused on trade opportunities and on supporting those by creating an economic environment where local and international investors are willing to deploy capital."
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