Stats NZ: GDP per capita decreased by 0.5 percent in the June 2024 quarter. The last time GDP per capita increased was in the September 2022 quarter. On an annual basis, to the year ended June 2024 GDP per capita fell 2.7 percent.
Labour has delivered us a knackered economy with almost 2 years of negative growth and counting. That’s real money making us all poorer, lowers the tax base and means we can’t afford so much on social services and health…
Luxons hard at work focusing on the economy and getting government costs under control. Lowering our taxes, reforming the RMA, removing barriers, etc, etc.
Labour meanwhile on Q+A, where they could lay out a vision for NZ, Hipkins talked about more taxes to “expand the tax base” and said our debt-laden economy “needed to borrow more money” to fund infrastructure and services. When did Labour last talk about policy to actually grow the economy instead of tax and borrow?
So yesterday meat processors were shutting because of Labours land use push to farming trees instead of meat and Labours drive to lower herd numbers. Meanwhile Luxons overseas on trade missions, the difference between the 2 parties is clear.
More focus on growing NZ out of its economic doldrums needed. That’s the real issue affecting all NZers in the pocket after Labour left us with in a dismal economic downward spiral.