Jan Tinetti Labour MP

There's no question that our economy has taken a knock following the extreme weather events. But New Zeland is in a good position to get through these challenging times and come out stronger.

Record numbers of people are in work and wages are rising faster than inflation. Tourists are returning in greater numbers, overseas workers are filling job vacancies, we're upskilling more Kiwis, and our debt levels are among the lowest in the world.

As part of our plan to build for the future, we're making investments in areas that are critical to growing our economy – skills, science and technology, and infrastructure. We're also positioning NZ to take on opportunities ahead. For example, we're backing new industries, like the video game sector, to diversify our economy and create high-wage jobs.

We're also focused on locking in NZ's high value export potential.

We recently announced the food and fibre sector is on track to set a new record high, with export earnings to hit $56.2 billion by June 30, 2023. This is great news for places like Bay of Plenty and it's a testament to the hard work of famers and growers.

It also reflects our strong record on trade, which has seen us unlock access to some of the world's biggest and most lucrative markets. Since taking office, we've secured four new free trade agreements, including with the United Kingdom – which is expected to boost our GDP by up to $1 billion, supporting businesses and jobs right across the economy.

We will continue to support people with the cost of living today and build towards a better future.