David Farrar: Why is NZ in recession?

The GDP data is bad – very bad. The economy has shrunk in the last two quarters. The question is why. There are two broad arguments. They are:

• This is due to the austerity regime of Nicola Willis and her savage public sector cuts
• This is due to the high interest rates imposed by the Reserve Bank to bring inflation down under control which skyrocketed under Grant Robertson.

Professor Robert MacCulloch: Hipkins Trashed our Economic & Social Fabric.......

Latest GDP data: NZ in Recession; One of World's Worst. Useless former Covid Minister Hipkins Trashed our Economic & Social Fabric. He should lock himself up.

Today's news headlines read, "Massive GDP fall: NZ in deep recession - ‘worst since 1991′". What's the cause? The economist who can best claim to have predicted the GDP numbers that came out today is John Gibson at Waikato University - one of our country's, and one the world's, best.

Professor Robert MacCulloch: Grant Robertson left NZ in declining & tattered state

The Day our Worst Finance Minister Ever Leaves Parliament, NZ falls into recession & drops out of the world's top 10 highest well-being countries.

Whilst Grant Robertson was talking himself up in Parliament about his wonderful political career and how proud he was of his achievements, the result of his past six years as Finance Minister were clear for all to see. We've just fallen out of the world's top ten "happiest" countries and are in recession, practically to the day he gave his farewell speech.