New Zealand PM-Elect Key: Econ Needs To Get On To Higher Growth Path
Key, whose center-right business friendly National Party swept to power in Saturday's elections to end the governing Labour Party's 9-year reign, told Radio New Zealand his government will meet with business leaders and other industry executives, including the stock exchange chief executive, to discuss the main issues at stake.
"From New Zealand's point of view the really important point here is that we get on a higher growth path, and to make sure we got the foundation for that growth," he said.
"It's not a time to panic, and not a time to overreact."
Key also said it's important that the country bring down the inflation rate as businesses have struggled for some time, owing to high interest rates and a strong New Zealand dollar.
-Shri Navaratnam, Dow Jones Newswires; 64-4-471-5990; shri.navaratnam@dowjones.com
(END) Dow Jones Newswires
November 09, 2008 13:54 ET (18:54 GMT)
Publié le 09 novembre 2008 Copyright © 2008 Dowjones
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