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Willis' greater economic powers could come at a cost

The article from MSN discusses New Zealand's Finance Minister Nicola Willis's proposal to grant the government greater economic powers, which could potentially come with significant costs. Willis argues that these powers are necessary to address economic challenges and stimulate growth, particularly in light of recent economic downturns and global uncertainties. However, critics, including opposition parties and economic analysts, express concerns over the potential for increased government intervention to lead to market distortions, reduced business confidence, and possibly higher fiscal deficits. They fear that such measures might undermine the independence of the Reserve Bank and could lead to inflationary pressures if not managed carefully. The debate centers around balancing the need for economic agility with the risks of overreaching governmental control.

Read the Full MSN Article at:
[ https://www.msn.com/en-nz/money/economy/willis-greater-economic-powers-could-come-at-a-cost/ar-AA1xB4g6 ]