miket12
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Political Pundit
Possible good news for the current government with our GDP forecast to outstrip Australiaβs for the next few years, our inflation expected to steady while theirs is set to rise on demand for higher wages and their unemployment set to rise while ours is expected to fall. These is based on forecasts (ie guestimates) from each others Reserve Bank.
A consequence off this will be more immigration to fill vacant jobs which will hit the supply of housing and cause houses to start rising again. If youβre thinking about buying a first home (or heaven forbid, an investment home), Iβd get in now before the lack off supply pushes prices up and take advantage of the lower interest rates.
Whether it is seen early enough before the election could make a great deal of difference in the election outcome.
One thing Iβll guaranteeβ¦. even though itβs all part of an economy cycle, whoever holds the Treasury seats next year, if these forecasts happen, they will say itβs their policies which have caused it, when, in reality, it wonβt have. Hey, but thatβs the political games for youβ¦. take responsibility for the good (even when you had nothing to do with) and blame everyone else for the bad.
www.nzherald.co.nz
A consequence off this will be more immigration to fill vacant jobs which will hit the supply of housing and cause houses to start rising again. If youβre thinking about buying a first home (or heaven forbid, an investment home), Iβd get in now before the lack off supply pushes prices up and take advantage of the lower interest rates.
Whether it is seen early enough before the election could make a great deal of difference in the election outcome.
One thing Iβll guaranteeβ¦. even though itβs all part of an economy cycle, whoever holds the Treasury seats next year, if these forecasts happen, they will say itβs their policies which have caused it, when, in reality, it wonβt have. Hey, but thatβs the political games for youβ¦. take responsibility for the good (even when you had nothing to do with) and blame everyone else for the bad.
Liam Dann: New Zealandβs economy is set to outpace Australia's ... now what?
OPINION: Will stronger GDP growth this side of the Tasman be a short-lived aberration?