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New Zealand's prime minister, the former chief executive of Air New Zealand, has warned against repeating what he calls "sugar rush economics" from the Jacinda Ardern era.
The term refers to stimulus spending that produces a fast lift in economic activity but leaves a debt or inflation hangover once the boost wears off.
His case is that financial restraint, not more spending, is what moved the country past a post-pandemic recession. What the term is calling out A sugar rush in economic policy works the way the dietary version does.
The energy arrives fast and feels like recovery.
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