You’d have to be a thief to reward yourself with salary increases when so many are losing jobs and the economy is decliningLess trustworthy than actual thieves?
Politics 🗳️ NZ Politics
- Thread starter wizard of Tauranga
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Tragic
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What resilience are we building?
Infrastructure resilience? No.
Financial resilience? Not so far and all their targets keep slipping so.....
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- #13,365
Psychological and mental resilience.
The ability to cope mentally and emotionally with stress and hard times
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- #13,366
Our annual current account deficit was $27b (6.4% of GDP) in the year ended September 30, 2024
That’s $27b more we import than we export. THAT is what’s sinking NZ inc.
Again where’s the policies to back business, growth and a stronger economy?
That’s $27b more we import than we export. THAT is what’s sinking NZ inc.
Again where’s the policies to back business, growth and a stronger economy?
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Debbie would have pulled $200bn out of her capital gainz tax hat
Bay39er
Contributor
Worried2Death
Contributor
The rock star economy was when the housing crisis blew up and the ladder got pulled up on virtually a whole generation though. What happened to increased GDP improving outcomes for everyone, wealth disparity and poverty increased and Key just dismissed it. Sounds like Chloe's got a point about the oligopoly. God she's hotPsychological and mental resilience.
The ability to cope mentally and emotionally with stress and hard times
Where's
MaybeTop8, how's Atlas Network going bro, pretty good by the sound of it
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- #13,370
The Greens had 6 years to deal with the oligopoly.Sounds like Chloe's got a point about the oligopoly. God she's hot
If she fluttered her eyes and said, look over there that flying pig is the reason we’re in the shit, people would be angry at all the flying pigs
Reminds me of when Labour got elected in 2018 off the back of their outrage at poverty, housing and dirty water. Now they are all worse and they don’t speak of them…
There’s a reason the Greens target young (gullible) people. Wonder why the Greens don’t target grey power or the business community?
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- #13,371
Glad we solved that
‘What happened to increased GDP improving outcomes for everyone, wealth disparity and poverty increased and Key just dismissed it.’
Under National as above the wage and house prices both about doubled to a similar ratio from when they took over to when they left. The voters were sold a made up emotionally driven sob story
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Not disputing the facts but what a terrible graph to look at, no scale, axes or anything. Please also post sources.Glad we solved that
View attachment 10568
‘What happened to increased GDP improving outcomes for everyone, wealth disparity and poverty increased and Key just dismissed it.’
Under National as above the wage and house prices both about doubled to a similar ratio from when they took over to when they left. The voters were sold a made up emotionally driven sob story
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- #13,373
Here’s a more detailed version from the reserve bank.
Next time you hear Labour complain about first home buyers; lack of social housing or Kiwibuild just understand they are the problem and your being hit with heavy political propaganda…
Labour are part of the problem sure but this trend is not isolated to New Zealand to be fair. Albeit at different levelsHere’s a more detailed version from the reserve bank.
Next time you hear Labour complain about first home buyers; lack of social housing or Kiwibuild just understand they are the problem and your being hit with heavy political propaganda…
View attachment 10569
Attachments
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- #13,375
Agree. And house price growth is a reflection of being a place people want to live with a prioritisation of ring fencing cities to favour the environment.
Still your graph shows the oecd average is about 25% increase over the last 20 odd years but NZ has been over 100%.
I just find it ironic the party vocal about homelessness, social housing, Kiwibuild, poverty, first home buyers, etc is actually the party who’s policies make it worse (based on historic facts).
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NZ’s economy ranked almost last in OECD comparison ahead of latest GDP numbers
Esther TauntonDecember 19, 2024 •08:50am
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fast facts
AI assisted summary
- Stats NZ will release quarterly GDP figures on Thursday.
- Economists expect economic activity to have contracted by 0.3% to 0.4% in the September quarter.
- The GDP update comes after New Zealand’s economy was ranked 33rd out of 37 in an international comparison of which have done best in 2024.
New Zealand’s economic activity is expected to have slowed even further in the third quarter, but there could be some relief on the horizon, economists say.
Statistics NZ is set to release GDP figures on Thursday, with economists predicting the economy will have contracted by 0.3% to 0.4%.
The change in GDP or “gross domestic product” is one of the three most-watched statistics produced by Stats NZ every three months, for the quarter prior.
Kiwibank chief economist Jarrod Kerr said the latest update was unlikely to bring much good news
“By our calculations we expect the economy contracted a further 0.3% over quarter three – a marginally larger contraction than the RBNZ’s 0.2% forecast.
“Weakness is likely to be spread across the board with our estimates showing around half of the industries in decline over the quarter.”
BNZ head of research Stephen Toplis predicted a 0.4% decline in GDP over the quarter, driven by falls in wholesale trade and manufacturing
However, some growth was expected in the primary sector, thanks to more milk production and a “significant bounce” in forestry from the previous quarter’s sharp drop.
“It’s still pretty ugly out there,” Kerr said, “but bear in mind that the official cash rate had only been cut 25 basis points over the September quarter. So, there is good news coming.
“The September quarter should mark the final decline in economic output in this cycle, and with an extra 100bps of cuts over the December quarter, quarter four should be a better quarter.”
Thursday’s GDP update comes after New Zealand’s economy was ranked 33rd out of 37 in an international comparison of which have done best in 2024.
While Spain, Ireland and Denmark topped The Economist’s list of OECD economies, released last week, New Zealand finished ahead of only Finland, Latvia, Turkey and Estonia.
The economies were ranked on GDP, stockmarket performance, core inflation, unemployment, and government deficits.
Stuff
www.stuff.co.nz
All rear view mirror stuff, we are around the bottom of the economic cycle. Darkest before dawn.NZ’s economy ranked almost last in OECD comparison ahead of latest GDP numbers
Esther Taunton
December 19, 2024 •08:50am
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Economists expect economic activity to have contracted by 0.3% to 0.4% in the September quarter.
fast facts
AI assisted summary
- Stats NZ will release quarterly GDP figures on Thursday.
- Economists expect economic activity to have contracted by 0.3% to 0.4% in the September quarter.
- The GDP update comes after New Zealand’s economy was ranked 33rd out of 37 in an international comparison of which have done best in 2024.
New Zealand’s economic activity is expected to have slowed even further in the third quarter, but there could be some relief on the horizon, economists say.
Statistics NZ is set to release GDP figures on Thursday, with economists predicting the economy will have contracted by 0.3% to 0.4%.
The change in GDP or “gross domestic product” is one of the three most-watched statistics produced by Stats NZ every three months, for the quarter prior.
Kiwibank chief economist Jarrod Kerr said the latest update was unlikely to bring much good news
“By our calculations we expect the economy contracted a further 0.3% over quarter three – a marginally larger contraction than the RBNZ’s 0.2% forecast.
“Weakness is likely to be spread across the board with our estimates showing around half of the industries in decline over the quarter.”
Kiwibank chief economist Jarrod Kerr says the September quarter should mark the final decline in economic output this cycle. (File photo)
BNZ head of research Stephen Toplis predicted a 0.4% decline in GDP over the quarter, driven by falls in wholesale trade and manufacturing
However, some growth was expected in the primary sector, thanks to more milk production and a “significant bounce” in forestry from the previous quarter’s sharp drop.
“It’s still pretty ugly out there,” Kerr said, “but bear in mind that the official cash rate had only been cut 25 basis points over the September quarter. So, there is good news coming.
“The September quarter should mark the final decline in economic output in this cycle, and with an extra 100bps of cuts over the December quarter, quarter four should be a better quarter.”
Thursday’s GDP update comes after New Zealand’s economy was ranked 33rd out of 37 in an international comparison of which have done best in 2024.
While Spain, Ireland and Denmark topped The Economist’s list of OECD economies, released last week, New Zealand finished ahead of only Finland, Latvia, Turkey and Estonia.
The economies were ranked on GDP, stockmarket performance, core inflation, unemployment, and government deficits.
Stuff
Yes, a few unwilling to acknowledge it but it reinforces the fact that we were deep in the poo and getting deeper.
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What metrics are giving you this idea?
And what policy the government have or are implementing do you see making
Cleary, with the last budget update things have got bleaker much quicker and it's not looking rosy for the next while.
Or is this view just gut feelings and riding out cycles.
Because I kinda see this current government talking a big game like Eric Watson and Owen Glenn did...
with very similar outcomes.
Despite all the rhetoric and blaming labour - we've gone backwards very very quickly.
a few are unwilling to acknowledge it's got worse that the negative mindset policy , austerity policy & pro landlord and pro tobacco, anti maori government has made NZ worse.
The most you've managed to come up with is apologist, borderline fan fiction supporting them...
We had a government who think they're the best economic managers have a utterly driven the country backwards.
