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Showing posts with label Poor GDP growth. Show all posts
Showing posts with label Poor GDP growth. Show all posts

Monday, December 2, 2024

Michael Reddell: The PM and economic performance


This post was prompted by watching the Prime Minister’s interview on Q&A yesterday (where I don’t think either the interviewer or the PM did particularly well). My interests here are only in the first (economic) half of the interview.

Minor things first. You had to wonder about the staff work when the PM professed to have no idea that on the IMF forecasts New Zealand’s annual real GDP growth is around the 10th worst of the 190 or so places the IMF does numbers for. It is a line Auckland professor Robert MacCulloch has been running for some time, and others have picked up and repeated his point. If you (or your staff) don’t read them, then Google’s AI Overview tells the same story for real per capita GDP.