Turns out those green shoots of recovery were really the dried snot of desperation after all
Oh look at that, the Green shoots of recovery were the dried snot of desperation after all…
NZ economic growth was a ‘pig in a python’ and temporary, UK economist says
A visiting British economist says New Zealand’s much vaunted “green shoots of growth” at the end of last year was not real growth but a “pig in a python” ‒ a temporary injection of cash into the economy.
And he says without real growth, New Zealand will fare badly from the oil supply shock that is about to hit.
Andrew Hunt is a UK-based independent economist and investment strategist who frequently provides macro-economic analysis on New Zealand through his firm, Andrew Hunt Economics Ltd, and in partnership with Amova Asset Management. Hunt was in the country last week to speak at Amova’s annual summit, where he presented a dystopian outlook for the country.
STUFF
…TDB told you the supposed recovery was more mirage than reality and now we are facing predictions of 6% unemployment and inflation over 4%!
Trump’s insane military adventure (thanks to being tricked into its by Israel) is hammering our economy and we have noting two do with this!
This Government have borrowed more than Labour did, and they don’t have a once in a century pandemic to justify it!
By borrowing $14 billion for tax cuts we couldn’t afford, by borrowing $3 billion for landlord loopholes, $200million for gas and oil subsides and $300million for tobacco subsides all the while hollowing out public service budgets.
This is a slow moving disaster, this economic vandalism is why over 200 000 Kiwis have fled the country since this Government came to power.
