Well done Jacinda and her team ...GDP up 1.0% in June quarter ....thats annualised 4.0% ....wow
In the MSM "Agriculture, forestry and fishing led the growth, up 4.1 per cent in the quarter, bouncing back after a slow start to the year. Boosted by strong dairy production, agriculture had its strongest quarter of growth since September 2014.The mining sector contracted sharply, hit by an unexpected outage at one of New Zealand's major oil fields. As a sector, mining dropped by 20 per cent, the largest quarterly fall in almost 30 years."
The COL has been elativly silent on agriculture. Given Fonteras problems it must be the other players in the milk market doing the good stuff. Forestry has yet to benefit from 1b trees - I dont think a single one has been planted yet. Not sure about fishing.
But we do know Labour have been active in Oil and Gas - no more new permits. No surprise with mines which will only get worse with zero carbon the aim.
Across the board Statistics New Zealand said the growth was broad-based across the economy, with 15 of the 16 categories it bases its calculations on expanding in the quarter. NZ's dairy-led bounce
Meka Whaitiri. And another one gone, and another one bites the dust
Problems with the old diary might of been the root cause of the fracas ....from the Stuff story
It is understood the incident happened while Whaitiri was in Gisborne for an announcement by the Prime Minister and other government ministers which she missed because of a communication breakdown in her office.
”When investors are euphoric, they are incapable of recognising euphoria itself “
Haha clearly my post came across as too serious. The compensation figures are less than a rounding error to the government, and a darn sight less than was being spent on testing and remedial work. Id like to think a rehabilitation program was offered to the tenants as they were turfed out though.
Next issue is what will happen to private sector rental providers given this action
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