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

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

Heather du Plessis-Allan Drive · Newstalk ZB

November 21, 20243m 10s

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Show Notes

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."

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Topics

businessmoneyeconomyinflationrecession