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New Zealand Economy - Page 2

Government emphasising 'restraint'

The Government is signalling it will tighten its belt another notch, with new figures showing the deficit has blown out by $2.2 billion since the May Budget forecasts and recovery is still sluggish. Ref. Source 2

Economy Zealand New

GST review threatens tax-free online imports

The Government is reviewing the limit at which consumers must pay GST on items they purchase direct from overseas, which could result in fewer online bargains. Ref. Source 4

New Zealand Economy History & Civil Business Politics

Lifetimes of toil to equal bosses' pay

Wage gaps between workers and chief executives have grown so large that some staff would have to work for two lifetimes to earn the same as their boss's annual salary. Ref. Source 5

Page 2 Economy Zealand New

As the economy flounders, we keep borrowing

The recent Treasury update re-minded us the economy is in a parlous state. Ref. Source 4

Economy Zealand New

Youth jobless rate soars to 19.4%

New Zealand's youth unemployment rate has surged to nearly 20 per cent – one of the highest levels in almost 20 years. Ref. Source 9

New Zealand Economy

Warning of $2.50 per litre petrol due to Libya

Petrol prices could top $2.50 a litre within weeks if action is not taken to intervene in the oil markets, a leading oil economist says. Ref. Source 4

New Zealand Economy - Page 2

Economists forecast inflation rise to 5.5pc

Soaring fuel prices and the lingering impact of the GST hike are likely to send inflation to the highest level in more than two decades this year, hitting households hard. Ref. Source 8

New Zealand Economy Politics Business Civil & History - Page 2

Plan to 'barcode' businesses

All businesses, including more than half a million sole traders, may be allocated a new 13-digit "single business number" that would let them better identify themselves when dealing with government agencies and one another. Ref. Source 3