OECD recommends reforms for New Zealand's economy, including pension and electricity sector changes

The OECD recommends New Zealand reform its pension and electricity sectors, strengthen capital markets, and digitize healthcare to boost its slow-recovering economy. The report highlights challenges like low productivity and high debt, suggesting tax changes for retirement savings and breaking the electricity sector's gas reliance. Economic growth is forecast at 1.4% this year, rising to 2.3% in 2027. The OECD also advised the Reserve Bank to maintain its focus on price stability and suggested indexing the superannuation age to life expectancy, though the government has rejected these specific proposals.