{"id":24869,"date":"2025-09-19T03:21:08","date_gmt":"2025-09-19T03:21:08","guid":{"rendered":"https:\/\/www.newsbeep.com\/il\/24869\/"},"modified":"2025-09-19T03:21:08","modified_gmt":"2025-09-19T03:21:08","slug":"polls-turn-harder-against-govt-as-gdp-slumps","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/il\/24869\/","title":{"rendered":"Polls turn harder against Govt as GDP slumps"},"content":{"rendered":"

Briefly in my Picks n\u2019 Mixes of the top news, scoops and deep-dives in Aotearoa\u2019s political economy around housing, poverty and climate for Friday, September 19:<\/p>\n

A new Talbot Mills poll leaked this morning to Henry Cooke at The Post-$<\/a> has found Labour\u2019s lead over National has widened to four percentage points. Labour\u2019s support rose one percentage point to 35%. National fell one point to 31%.<\/p>\n

The poll taken this month also found 55% of voters thought the country was on the \u2018wrong track,\u2019 which was the worst result for the Government since the 2023 election. The \u2018wrong track\u2019 measure was 59% just before Labour lost power.<\/p>\n

The poll comes as newspapers led with criticism of the Government\u2019s performance on the economy after GDP fell by 0.9% in the June quarter. That was more than twice as bad as the economists\u2019 consensus forecast. <\/p>\n

Westpac, Kiwibank and ASB called on the Reserve Bank to deliver a \u2018bazooka\u2019-sized 50 basis point cut in the Official Cash Rate in three weeks time, Interest<\/a> reported last night.<\/p>\n

Finance Minister Nicola Willis blamed Donald Trump\u2019s \u2018Liberation Day\u2019 tariff shock in April, but the chart below shows New Zealand is the exception, with other peer economies growing solidly despite the same news. <\/p>\n

New Zealand\u2019s export sector is doing well. The manufacturing and construction sectors here fell sharply in the quarter, thanks to both the Reserve Bank and the Government running tight policy over the last two years. This is a self-inflicted double-dip recession, in my view.<\/p>\n

The de-industrialisation of the regions continued apace last night with Griffin\u2019s announcing it was closing its Proper Crisps factory in Nelson and consolidating to its larger plant at Wiri in South Auckland. It said 85 roles would be affected in Nelson and Wellington. RNZ<\/a><\/p>\n

Paying subscribers can get more detail, analysis and all my Picks n\u2019 Mixes below the paywall fold. They can also comment and join our chat section.<\/p>\n

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