Phil Goff looks back at his tough week but says New Zealand has it tougher at the moment with some bad economic stats. We also discuss New Zealand’s involvement in Afghanistan, is it the modern day Vietnam?
Tags: afghanistan, economy, Labour, Phil Goff
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Vincent says NZ interest rates are influenced by Australian banks and their fear about the increasingly gloomy economic situation in Australia. The negative effects of an Australian economy supported by the coal industry also carries many risks. Vincent also says the heavy cost of overseas borrowing pushes up rates locally. Vincent Heeringa is the editorial director at Idealog. Also find him on twitter.
