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New Zealand economy shrinks, country in technical recession (www.newshub.co.nz)

submitted 7 months ago by [email protected] to c/[email protected]

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Anybody who thinks the best way out of a recession is austerity measures needs to have their heads examined.

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[–] [email protected] 2 points 7 months ago (2 children)

I'm planning to move to NZ if the terrible man gets reelected. It'd be a shame if everything went to hell before that happened, but it would stop me.

[–] [email protected] 4 points 7 months ago

They are setting up for our version of the terrible man which is David Seymour.

[–] [email protected] 1 points 7 months ago

While this sounds alarmist this us actually deliberate and controlled for a good reason.

We are down to 5% inflation from 8, and pushing GDP down bring us closer to the stable 2% RBNZ is after. This is a good thing for the long term success of the country.