NZ plummets in world competitiveness rankings

The annual world competitiveness rankings are out, and New Zealand has fallen 11 places from 20th to 31st.

They note NZ had the steepest drops in economic performance and business efficiency along with domestic economy and labor market.

They explicitly cite:

• Labour shortages
• Low productivity
• High house prices
• Short term policy thinking

In a global world, competitiveness is critical along with productivity. We’re failing.