10 Mar 2009

Thumbs up for NZ handling of recession

3:12 pm on 10 March 2009

New Zealand is getting the thumbs up overseas for its handling of the global recession.

According to the Asian edition of the Wall Street Journal, Prime Mininster John Key's approach of growing the country out of recession is more savvy than the borrowing-to-spend schemes favoured by most other nations, including the United States and Australia.

Editorial page editor Mary Kissel says New Zealand's on the right track.