Cullen cushion

Why does the Minister of finance say this is is hardest budget ever? The economy may be doing moderately well, but it is by no means preforming outstandingly.

In 1993 the New Zealand economy began to show signs of an upswing after the seven years of Rogernomics Stagnation. In a public comment I remarked that it seemed to be in the ‘recovery’ phase, which is the economist’s technical term for the stage in the business cycle when the economy leaves the bottom of the business cycle and goes into upswing.