NZ's economy is at 1.1 percent annual GDP growth, which the IMF predicts will drop marginally to 1 percent next year. To see how Aotearoa ranks against other countries for economic growth in 2024, Newshub analyzed GDP growth percentages across 25 different economies & compared them to 2023's figures (with the change in brackets). Macao came out on top with a whopping 27.2 percent GDP growth prediction for 2024, while Equatorial Guinea was at the bottom of the list, estimated to shrink by 5.5 percent. Aotearoa is near the bottom of the annual GDP growth list. However, so are many advanced economies NZ compares itself to including Germany, Japan, Finland and Australia".
What a disgracefully biased piece of junk reporting. Why do we "compare" ourselves to Germany? Was NZ dependent on Russian gas to run our entire industrial base, like Germany was, and which Putin turned off, handing them an extraordinary economic shock? The IMF ranked NZ as 180th out of 189 nations, a totally appalling ranking. There were only 9 countries in the entire world worse than NZ. There's no rhyme or reason why Newshub chose the 25 "different" economies they chose. On their arbitrary list (they write down the names of their 25 chosen countries, not that Macao even is a country, but is part of China) NZ ranks 19th out of 25. Not amazing but actually not too bad, Newshub's readers must think.
Macao; Libya; India; Kenya; Samoa; Ukraine; Nigeria; West Bank-Gaza; South Korea; Switzerland; Chile; Canada; Brazil; US; France; Australia; Japan; Finland; New Zealand; Belgium; Germany; Austria; Italy; UK; Guinea.
Yet Newshub selected a tiny subset of 25 countries (representing only 13% of the 189 countries the IMF collected data on) but included nearly all the countries that did worse than NZ (6 out of 9) and yet threw out nearly all the countries placed ahead of us (keeping just 18 out of those 180 countries). Yes, Newshub's list included nearly every country worse than us, yet only 10% of countries better than us. For God's sake, why didn't they just report our global ranking of 180th out of 189?
That Newshub ranking, released a day before the General Election, could swing it. The IMF ranking, meanwhile, is proof the PM and his Finance Minister screwed up, snatching an extraordinary economic defeat from the jaws of the average Kiwi's amazing sacrifices during the 2020-21 Covid lockdowns. Chris Hipkins wrecked our economy and the IMF's economic figures prove he wrecked our economy.
Does the New Zealand Media Establishment have a political agenda? Is there a plot to swing the election at the last by not reporting the full and fair facts? Are our mainstream media beholden to politicians and business in ways we don't know about? Why not write the headline that when the PM told Mike Hosking two days ago that NZ was growing faster that "every country other than Japan" it was a bald-faced piece of untrue baloney.
Sources:
https://www.newshub.co.nz/home/money/2023/10/how-new-zealand-s-economic-growth-predictions-compare-to-rest-of-world-according-to-imf.html
https://www.imf.org/en/Blogs/Articles/2023/10/10/resilient-global-economy-still-limping-along-with-growing-divergences#:~:text=According%20to%20our%20latest%20projections,well%20below%20the%20historical%20average.
Macao; Libya; India; Kenya; Samoa; Ukraine; Nigeria; West Bank-Gaza; South Korea; Switzerland; Chile; Canada; Brazil; US; France; Australia; Japan; Finland; New Zealand; Belgium; Germany; Austria; Italy; UK; Guinea.
Yet Newshub selected a tiny subset of 25 countries (representing only 13% of the 189 countries the IMF collected data on) but included nearly all the countries that did worse than NZ (6 out of 9) and yet threw out nearly all the countries placed ahead of us (keeping just 18 out of those 180 countries). Yes, Newshub's list included nearly every country worse than us, yet only 10% of countries better than us. For God's sake, why didn't they just report our global ranking of 180th out of 189?
That Newshub ranking, released a day before the General Election, could swing it. The IMF ranking, meanwhile, is proof the PM and his Finance Minister screwed up, snatching an extraordinary economic defeat from the jaws of the average Kiwi's amazing sacrifices during the 2020-21 Covid lockdowns. Chris Hipkins wrecked our economy and the IMF's economic figures prove he wrecked our economy.
Does the New Zealand Media Establishment have a political agenda? Is there a plot to swing the election at the last by not reporting the full and fair facts? Are our mainstream media beholden to politicians and business in ways we don't know about? Why not write the headline that when the PM told Mike Hosking two days ago that NZ was growing faster that "every country other than Japan" it was a bald-faced piece of untrue baloney.
Sources:
https://www.newshub.co.nz/home/money/2023/10/how-new-zealand-s-economic-growth-predictions-compare-to-rest-of-world-according-to-imf.html
https://www.imf.org/en/Blogs/Articles/2023/10/10/resilient-global-economy-still-limping-along-with-growing-divergences#:~:text=According%20to%20our%20latest%20projections,well%20below%20the%20historical%20average.
Professor Robert MacCulloch holds the Matthew S. Abel Chair of Macroeconomics at Auckland University. He has previously worked at the Reserve Bank, Oxford University, and the London School of Economics. He runs the blog Down to Earth Kiwi from where this article was sourced.
4 comments:
Where is Aotearoa?
It’s just off to the right of Macao - that other fictitious country.
Aotearoa even sounds like it would be some sort of economic backwater, ruled by despots.
The corrupt MSM are at fever pitch as they try to get this Marxist Govt across the line. Never in the history of New Zealand have we ever experienced such left wing propaganda straight out of tJoseph Goebbels playbook.
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