Experts are warning the Government's policies designed to reduce the deficit and bring down inflation are worsening the impact of the recession on households and businesses.

Former Productivity Commission Chair Ganesh Nana has led group of 15 economists who've written to the Prime Minister claiming spending cuts are harming the economy.

Nana explained that fiscal policy should not be targeting inflation.

"We want fiscal policies to do other things, which is to focus on that external debt that seems to be being ignored by many."

LISTEN ABOVE

Experts are warning the Government's policies designed to reduce the deficit and bring down inflation are worsening the impact of the recession on households and businesses.
Former Productivity Commission Chair Ganesh Nana has led group of 15 economists who've written to the Prime Minister claiming spending cuts are harming the economy.
Nana explained that fiscal policy should not be targeting inflation.
"We want fiscal policies to do other things, which is to focus on that external debt that seems to be being ignored by many."
LISTEN ABOVE

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers. 

Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers. Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers.

Best of Business

Ganesh Nana: former Productivity Commission Chair on the open letter saying Government policies are dragging out recession

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/e78d08d9-d6e6-4ec2-b76d-b22f0051fc2f/transcript

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