The graphics come from here: https://bsky.app/profile/musicalchairs.bsky.socialExcept for the fact that his whole premise about stagflation is wrong..... for there to be stagflation, GDP has to be falling... but it's not. The latest figures out from Stats NZ for Q1 says the economy grow by 0.8%.... Q2 aren't due out until 18th September. Unless Hickey is a clairvoyant, he's only guessing what the GDP figure. And, sadly for him, most economist (including Treasury) are picking GDP to keep rising.
From page B3 / 7 of the attached Treasury Update:
Despite the slowing global outlook, conditions remain in place to support a pickup in domestic activity over 2025, underpinned by lower interest rates, high terms of trade, increasing net migration and house prices. GDP growth is expected to accelerate to 3.1% over the second half of 2026 before easing to 2.6% by the end of the forecast period. The unemployment rate is expected to peak at 5.4% over the first half of 2025, reflecting past weakness in real activity, before easing to 4.3% by the end of the forecast period. Inflationary pressures are forecast to remain contained, with slowing non-tradable inflation offsetting temporary tradable inflation in the near term.
Sorry, but Mr Hickey is wrong again!!!
Also a neutral query:

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