Financial markets around the world continue to be volatile and uncertain.  Some of the world’s biggest economies have been struggling with high debt and low growth.

The good news is that here in New Zealand, things are looking up.

We’re very well-placed compared to most other developed economies.  Wages are growing. Households and businesses have been saving more and paying off debt.

Our economy is growing more strongly than predicted.  In the first quarter of this year, the New Zealand economy grew 0.8% while the Australian economy shrank 0.2%.

In three years we will be one of the first developed countries back in surplus and repaying debt while other countries keep borrowing.

New Zealand has a chance to stand out from the crowd of debt-laden countries, but only if we stick to our plan.