RTTNews - Wednesday, New Zealand Prime Minister, John Key said the most fundamental problem of the economy is poor productivity growth. Productivity remained low and it has been growing much slower than in most other nations in recent years.
He told a business meeting, the government has three economic objectives which would result in improved and enduring economic growth. First, increasing nation's productivity growth. Other two goals are maintaining high levels of employment and reducing vulnerability to adverse events.
Although, employment situation fluctuate with the economic cycle, the government wants to keep employment at high level. Reducing nation's vulnerability means lessening the risk that another economic shock could severely affect the economy, he added.
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