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Joyce happy with start to the year

NZ Newswire logoNZ Newswire 20/01/2017

Finance Minister Steven Joyce is happy with an affirmation of credit rating and some positive economic statistics to start the year.

On Friday Standard and Poor's affirmed New Zealand's AA foreign currency and AA+ local currency sovereign credit ratings with a stable outlook.

The Westpac McDermott Miller Employment Confidence Survey also showed New Zealanders were increasingly optimistic about the state of the labour market with employment confidence at its highest level in eight years.

Mr Joyce said the assessment by the credit rating company confirmed the increasing resilience of New Zealand's economy.

The agency noted their expectations that New Zealand's fiscal performance will continue to improve over the medium term and that remains the government's clear intention., Mr Joyce said.

"By operating sensible conservative economic policy, the government is giving businesses the confidence to invest and grow, creating more jobs for Kiwis and their families."

"There remains significant uncertainty about the world economy in the year ahead. However New Zealanders can take confidence that our country is well placed to deal with any issues as they arise," Mr Joyce said.

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