Goldsmith Update: March 2016

Column – Paul Goldsmith The three week Parliamentary session has just finished and was dominated by concerns about the potential effects of ongoing relatively low prices for dairy products.Goldsmith Update: March 2016 Hon Paul Goldsmith National List MP based in Epsom The three week Parliamentary session has just finished and was dominated by concerns about the potential effects of ongoing relatively low prices for dairy products. No one doubts that those farmers who are heavily indebted will face increasingly difficult trading conditions if the prices stay lower for longer. The point that Government Ministers have been making is that, while of course we are concerned with the welfare of farmers, this doesn’t detract from the fact that we are seeing continued growth across many parts of the economy. Despite the fall in dairy prices, exports actually increased by almost $2 billion in the past year. Tourism is performing well, with a record 3 million international visitors achieved for the first time in 2015. Annual beef exports are now $3.3 billion – up one third in the past year. International education was worth $3.1 billion in 2015, supporting 30,000 jobs. The broader economic picture remains strong. After a weaker patch in the first half of 2015, gross domestic product (GDP) growth picked up in the second half of the year. Statistics New Zealand also reported that New Zealand’s net external...

Read More