It’s fair to say that 2022 has been a huge year. Massive, global challenges like the economic uncertainty caused by Covid, the climate crisis and the war in Ukraine have had a real impact here at home, with many households feeling the pinch.
That’s why, over the past year, our Government has worked hard to support families in the face of cost of living pressures. At the same time, we’ve continued to tackle the long-standing issues facing New Zealand, like housing affordability, climate change and child poverty – and we’re making good progress.
More Kiwis are in work with higher wages, our country’s debt is low, our export numbers are high, and tourists are returning to New Zealand. We’re in a stronger position than most to face global pressures.
Our economy is continuing to grow solidly with GDP rising 2 per cent in the last quarter. That’s well above what was expected, and a good indicator that our economic plan is working.