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New Zealand Productivity Growth Will Improve, Finance Minister Says

Grant Robertson on Oct. 6.
Grant Robertson on Oct. 6.Photographer: Brendon O’Hagan/Bloomberg

New Zealand’s chronically poor labor productivity growth should start to improve soon as the government’s economic plan bears fruit, Finance Minister Grant Robertson said.

“We will see it improve over the next couple of years,” Robertson said at the Bloomberg Address Thursday in Auckland. “I do think there’s been a drag on it over the last couple of years with Covid.”