Ralston on a tough start

Bill Ralston writes:

Message to John Key and his new Government: No pressure.

Well, just a global financial market collapse, a deepening recession, a growing deficit, a crisis meeting with many of the world’s top leaders, shrinking commodity prices and a body blow to our other big export earner – the tourist industry – from the British departure tax.

Throw in a major terror attack overseas to further destabilise the planet and the crash of the Air New Zealand airbus in Europe and you get the toughest start any Government here has had.

The recession especially is of grave concern. Previous recessions have been for less than a year, while this recession may last two or even more years.

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