OpinionOpinion byGreg SmithNZ Herald·2 Jun, 2026 05:00 PM8 mins to readGreg Smith is an investment specialist at GenerateNew Zealand’s long-term growth challenge is weak productivity, not technology, writes Greg Smith.The Government’s latest Budget was notable for many things, but perhaps one omission stood out.Artificial intelligence – arguably the most transformative economic force reshaping global business – barely featured. (Interestingly, another long-term wealth creation topic, KiwiSaver, also received relatively little attention).
That may partly reflect the political sensitivities surrounding










