Crash course to debt doom

New analysis confirms what most of us already fear - the New Zealand economy is on a crash course with doom if big changes aren't made soon.

Projections by The Economist suggest that by 2050 New Zealand would have the second highest debt as a percentage of our GDP.

If changes aren't made soon then the country's economy would be in a crisis and government funding would be heavily restricted.

Japan would have the highest debt, but countries which are currently in a dire economic state - such as Spain, Greece and Portugal, would fare better than New Zealand, the United States and Britain, according to The Economist ... READ MORE

Released by The Economist - 12 April 2012