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AAP
AAP
Politics
Ben McKay

Kiwis go for growth to lift economy out of the doldrums

Chris Luxon Christopher Luxon Economy New Zealand

New Zealand hopes to shake off economic gloom by attracting overseas investment to build much-needed infrastructure through a new government entity.

Prime Minister Chris Luxon on Thursday announced the formation of Invest New Zealand while focusing on growth during his state of the nation address in Auckland, using the speech to reset his government's agenda after a horrid finish to 2024.

The government ended the year with shocking GDP results, a bungled plan to replace Cook Strait ferries and historic protests against plans to reform New Zealand's constitutional relationship with Maori.

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