GDP: Why Can’t New Zealand Get it Up?

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GDP: Why Can’t New Zealand Get it Up?

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NZ economy contracts 0.9% Boy is this embarrassing.- https://www.stats.govt.nz/news/gdp-decreases-0-9-percent-in-the-june-2025-quarter/Chris Hipkins Says the whole government should resign- https://www.newstalkzb.co.nz/news/politics/labour-leader-demands-whole-government-resign-over-gdp-decline/Nicola Willis says it’s not her fault- https://www.rnz.co.nz/news/political/573437/nicola-willis-points-to-global-turmoil-as-economy-shrinks-sharply- But In Australia things are looking much betterFailing businesses- Smiths City- Hop Federation- Denheath Desserts- Cranky Goato Economists expect a short term reduction in the price of goat curryWinding up applications 2025Ruth Richardson, Head of tax payer union calls for AusterityRodger Douglas Argue for fiscal tightening.I don’t think there is a single economist in the world who would say that this advice is relevant to the recent GDP resultDan Bruskill on Ruth RichardsonNZ GDPhttps://www.legislation.govt.nz/act/public/1999/0022/latest/DLM23510.htmlNational Fiscal planLabour Fiscal PlanGovernment spending relative to GDPGovernment debt statsSo if it’s the same no matter who is in charge, what do we conclude? This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit arthurfalls.substack.com

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