17 Sep 2020

What would National do to manage the recession?

From First Up, 5:52 am on 17 September 2020

National says Labour is sugarcoating a bleak economic outlook - but Grant Robertson says he's being more realistic by not promising an acceptable level of debt for the government to manage by the end of the next term. Two consecutive quarters of negative economic growth means a recession - and that's where we are at today. Treasury has warned unemployment will continue to grow - hitting around 7.8 percent by March, pushing more and more kiwis on to the Jobseeker benefit. Grant Robertson told Checkpoint last night it's unrealistic to aim at driving debt down to a specific number in the next ten years. So just what would National do to manage the upcoming economic downturn? Its finance spokesperson Paul Goldsmith spoke with Indira Stewart.