The economy
Sir,—Mr Muldoon continues to blame increased oil prices for our social and economic ills and repeats that under the circumstances the Government has done well in holding inflation, unemployment, taxes and crime at their present level.
With our present rate of inflation at 16 per cent and zero growth, an O.E.C.D. report shows that from our position of number four in world standard of living 20 years ago, we have now tumbled down among Third World nations into twenty-fourth place. Europe, as a whole, has an inflation rate of 12.6 per cent and an average growth rate of 3 per cent and some Third World countries are also doing better than us, e.g. Taiwan, South Korea, Malaysia and Singapore. Thailand, swamped with. refugees and with a war along its border, has a growth rate of 7 per cent. — Yours, etc., JOHN J. FORSTER. November 7, 1981.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/CHP19811110.2.109.8
Bibliographic details
Press, 10 November 1981, Page 24
Word Count
148The economy Press, 10 November 1981, Page 24
Using This Item
Stuff Ltd is the copyright owner for the Press. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons BY-NC-SA 3.0 New Zealand licence. This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Copyright in all Footrot Flats cartoons is owned by Diogenes Designs Ltd. The National Library has been granted permission to digitise these cartoons and make them available online as part of this digitised version of the Press. You can search, browse, and print Footrot Flats cartoons for research and personal study only. Permission must be obtained from Diogenes Designs Ltd for any other use.
Acknowledgements
This newspaper was digitised in partnership with Christchurch City Libraries.
Log in