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
Nicola Willis says it’s not her fault
- But In Australia things are looking much better
Failing businesses
o Economists expect a short term reduction in the price of goat curry
Ruth Richardson, Head of tax payer union calls for Austerity
Rodger 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 result
Dan Bruskill on Ruth Richardson
https://www.legislation.govt.nz/act/public/1999/0022/latest/DLM23510.html
Government spending relative to GDP
So if it’s the same no matter who is in charge, what do we conclude?
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