Nearly all those ranked below us, being Myanmar, Haiti, Ecuador, Jamaica, Kuwait, Lebanon, Syria, Libya, Yemen, Botswana, Argentina, Austria and South Sudan, are in civil war. In the last quarter of 2024, NZ recorded the worst contraction out of the entire group of 40 developed nations the IMF tracks, at -1.1%. Can't be true, can it? Look at the IMF numbers yourself at this link (& click on "Statistical Appendix A: Key Global Economic Indicators") or get the figures here:
TableA (5).pdf
Download PDF • 2.35MB
Over these past years many politicians, media types & think tanks have belittled comments on this Blog about mistakes NZ's leaders have made. Labour Leader Hipkins said in the run-up to the last election NZ was the fastest growing country in the world. None of NZ's Big Media Outlets called him out for his deception. We've been accused of exaggeration. Even last year when we highlighted the IMF figures, folks said the assertion was fudged by using projected figures. The numbers quoted today are all confirmed for 2024. How a nation could be lauded as having the best pandemic response in the world (just ask Hipkins and Ardern - they will tell you it was best - so it must be true) then fall to become one of the world's most stagnant backwaters, with a generation of its youth bailing out, is remarkable. The cause? Donkey Labour. Donkey National. Both corruptly put their Donkey mates into key positions of power. Not to mention an inbred private sector that should be turned on its head. Every monopoly in NZ should be smashed. National hasn't had the guts to smash a single one. Labour entrenched them during Covid. Exaggerating again? Go look at the IMF figures.
Key Global Economic Indicators
TableA (5).pdf
Download PDF • 2.35MB
Over these past years many politicians, media types & think tanks have belittled comments on this Blog about mistakes NZ's leaders have made. Labour Leader Hipkins said in the run-up to the last election NZ was the fastest growing country in the world. None of NZ's Big Media Outlets called him out for his deception. We've been accused of exaggeration. Even last year when we highlighted the IMF figures, folks said the assertion was fudged by using projected figures. The numbers quoted today are all confirmed for 2024. How a nation could be lauded as having the best pandemic response in the world (just ask Hipkins and Ardern - they will tell you it was best - so it must be true) then fall to become one of the world's most stagnant backwaters, with a generation of its youth bailing out, is remarkable. The cause? Donkey Labour. Donkey National. Both corruptly put their Donkey mates into key positions of power. Not to mention an inbred private sector that should be turned on its head. Every monopoly in NZ should be smashed. National hasn't had the guts to smash a single one. Labour entrenched them during Covid. Exaggerating again? Go look at the IMF figures.
Key Global Economic Indicators
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.
8 comments:
Without the te reo and immersion industry would we have been closer to or further from 196? If charges by tutors were raised, would growth have appeared better? Would displaced workers have done something else which might have created more overall production, or less?
Interesting that nearly all of our companion bottom-of-the-table countries are also in a state of civil war. I say 'also' because of course we are in a racial civil (so far cold) war, a casualty of which is a widespread loss of spirit in what it means to be a New Zealander.
Interesting.
Could be civil war here soon.
Oh goody, Civil War on the horizon..... Shows what s t u p i d i t y can do. Throw in a tad of racial unrest, ignorance, poviddy, lies and more lies, and..... moral weakness. ACT and NZF need to become The Government - not just add-ons.
As an aside WEF embroiled in allegations of corruption but an even worse one to replace Schwab...a lot out there to read...but negative news about the benign EU backing, globalist WEF does not fit the correct narrative
Yes - only hope now.
A very liberal definition of 'civil war' seems to be being applied here. A shambles such as Haiti or Lebanon does not immediately equate with 'civil war'. I see 4 or 5 countries engaged in civil war here, which is far from 'almost half'.
Austria and Kuwait are very rich countries - nothing in common with the likes of Jamaica or South Sudan.
A very rich country may have a year of little or no GROWTH but it is still a very rich country. By the same token, a very poor country may occasionally record a high annual growth rate but it is still a very poor country.
For an analogy. consider a supermarket chain and a corner dairy. The supermarket chain may show zero growth one given year but it is still a supermarket chain with a turnover of many millions. Your corner dairy may show a positive growth rate in trade one year but it is still a corner dairy.
So don't assume too much from GDP growth rate for isolated countries as some commentators appear to.
How can something akin to outright capitulation by National to TPM be considered as civil war? Just a splutter and here you go, these are the keys to the Treasury ... by the way it is empty!
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