Latest / The Kākā by Bernard Hickey
Government chooses slower economic growth
TL;DR: The new National-ACT-NZ First Government announced yesterday it had cancelled a $3 billion plan to build two new ferries and terminals that would have supported growth in the numbers of passengers, cars and freight crossing the Cook Strait for decades to come.
In effect, the decision will limit the ability of Aotearoa-New Zealand Inc to keep growing its population by 1.5%-2.0% and GDP by 3% per annum for the next 20 to 30 years because the Interislander is literally the connection point of two major parts of our economy.
The Cabinet decision announced yesterday shocked business leaders…
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