OECD report highlights risk of government COVID debt

The OECD says rising debt due to government Covid stimulus and the soaring housing market are risks for the economy. The Paris based intergovernmental economic organisation has issued its three yearly report card on New Zealand's economy. It finds that economic recovery has been rapid and strong and the economy is showing signs of overheating.The report says the government needs to commit to explicit long-term debt-to-GDP targets, and change some policies such as pension elibility. Kathryn discusses the report with independent economist Cameron Bagrie.