Business
New Zealand Economy Falls Into Recession
New Zealand’s economy has fallen into recession. Gross domestic product fell 0.1% from the prior three months, when it dropped an upwardly revised 0.7%, Paul Allen and Haidi Stroud-Watts report on Bloomberg Television.
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On Bloomberg This Weekend, Michigan Representative Haley Stevens (D) says escalating US tariffs on Canadian goods are raising costs and creating uncertainty for manufacturers in her district, with the deeply integrated auto supply chain particularly exposed. Stevens tells hosts Christina Ruffini and Jeff Mason that she is promoting legislation that would provide households with as much as $1,700 to offset tariff-related costs, while criticizing the Trump administration’s approach to trade with Canada.
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France’s National Rally will oppose any proposals by the current government for tax increases in the next budget, according to the president of the far-right party, Jordan Bardella. He also touted the strong transatlantic relationship with the US, and said he believes France should receive something from Ukraine in exchange for continued support. Bardella spoke exclusively with Bloomberg Television Anchor Francine Lacqua from Lake Como in Cernobbio, Italy.
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“Bloomberg Real Yield” highlights the market-moving news you need to know. Today’s guests: JPMorgan Asset Management Field Income Portfolio Manager Kelsey Berro, Federated Hermes Senior Portfolio Manager Deborah Cunningham, Invesco Head of North American Investment Grade Credit Matt Brill, and BNP Paribas Head of US Credit Strategy Meghan Robson.
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From electrical contractors to HVAC engineers, people far from Silicon Valley are quietly asking the same question: Is AI a bubble? Speaking with Joe Weisenthal and Tracy Alloway on Odd Lots, Jasmine Sun explains how local communities weigh the massive economic tradeoffs of multi-year data center projects when they aren’t even sure if the technology—or its funding—is here to stay. Listen wherever you get your podcasts.
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@ArmandoMartinez-qg8mv
December 17, 2023 at 11:18 pm
flechazos mata primer cerebro y corazon en existencia en nueva zelanda
@ArmandoMartinez-qg8mv
December 17, 2023 at 11:18 pm
antorchas de fuego incendias pozos de gases y combustibles en nueva zelanda
@Battleneter
December 17, 2023 at 11:18 pm
The New Zealand Reserve Bank (along with other central banks around the world) caused this high inflation with stupidly unnecessarily low interest rates flooding the economy with easy money fueling a massive housing bubble. Now they are panicking and over correcting, not releasing any rate change takes 1-2 years to have an effect. Apparently these complete muppets missed high school level economics 101 class.
@hugostiglitz6914
December 17, 2023 at 11:18 pm
Ireland has a lot of similarities to NZ, population etc. But Ireland economy is growing but being held back by a lack of rental properties. People are leaving the country not because there's no jobs but because the cost of living is gone through the roof and there's nowhere to live. The country can't encouraged foreign workers because of the lack of rental properties.
@KiyosakiSays
December 17, 2023 at 11:18 pm
“Some people worry. Others prepare.” – Robert Kiyosaki
@Henry-jp3mc
December 17, 2023 at 11:18 pm
Im looking to emigrate here with the family as a skilled tradesman. But the more i look into it the more expensive and troubling it looks.
@poobum9857
December 17, 2023 at 11:18 pm
labours made a real mess of the country…
@mahen9394
December 17, 2023 at 11:18 pm
This is all govt driven self created recession, every one filling there pockets, Jecinda had her own, abandoned kiwis. Nz literally its puppet of USA, fully targeting economy. Rbnz is keep increasing rates naming inflation and all the consumer increasing there rates take all looses from consumers. Its legally looting kiwis crushed to the ground by the name of inflation. its been years nothing has worked out talented people are leaving country still shame on RBNz. Govt and Nz news channels they have no voice. They still covering up the biggest problem is lost ocean gate sub. Seriously, Nz news channels have no comments on, they are biggest problem in Nz, they pretend everything is normal. Kiwis they have no place to complain.
@JD-wx3pk
December 17, 2023 at 11:18 pm
The Government and RBNZ have decided to make all new Zealanders pay for their f.. ups . Government overspending, RBNZ increasing interest rates to make up for their losses and to gain more Dividends. This is what It looks like to me, and we're being feed uter – B.S.
@blardymunggas6884
December 17, 2023 at 11:18 pm
Another friend of U S A that has ended up under the bus
@peterkirgan2921
December 17, 2023 at 11:18 pm
Doesn't surprise me one bit ? You wonder why kiwis come to Australia because one their run by idiots in government two they are isolated three they pay through the nose for everything & have a higher GST rate than Australia so I rest my case!!!!!
@sameerpoudel3337
December 17, 2023 at 11:18 pm
Love..❤ ….BALEN SHAH from NEPAL🇳🇵🇳🇵
@espartano4976
December 17, 2023 at 11:18 pm
Go woke, go broke
@radearpurba3589
December 17, 2023 at 11:18 pm
What about countries that have high inflation rates and high interest rates ? 🤔🤒😢😔🙏. And what happens to the Banks in New Zealand when New Zealand will experience a recession on Q2 and Q3 or until last year 2023 ? 🤔😢😔🙏
@kentphil8357
December 17, 2023 at 11:18 pm
The thought of retirement makes me cry. My apologies to everyone who have retired and filing social security during this time after putting in all those years of work just to lose everything to a problem you never imagined to happen. It's so difficult for people who are retired and have no savings to fall back
@TheDisinformationProjectNz
December 17, 2023 at 11:18 pm
And everyone said I was nuts when I said sanctions and dumb climate change regulations are ruining NZ. Not to mention the immigration
@sina0481
December 17, 2023 at 11:18 pm
I Wonder what His Business Card Looks like
@warnpassion
December 17, 2023 at 11:18 pm
Karl Rock needs to thank his stars that he is married to Manisha.
@on2thenextthing
December 17, 2023 at 11:18 pm
Not a recession in America if you're a Democrat. It's racism.
@markeasley6149
December 17, 2023 at 11:18 pm
Hmm any country besides the US recognizes the technical recession apparently.
@rikirex2162
December 17, 2023 at 11:18 pm
not as bad as Australia
@chintanpatel5788
December 17, 2023 at 11:18 pm
Only the US can escape recession. USA and it’s algos are programmed to keep the world order in tact. This is a fact
@userigrvhi342
December 17, 2023 at 11:18 pm
Terrible news one of my favorite places in the world.
@BristolBerg
December 17, 2023 at 11:18 pm
Good to see Paul Allen alive and well.
So the recession is due to uncontrollable external factors that will dissipate and the economy will recover shortly. Hmm k.
@FrankRichard-tk4fu
December 17, 2023 at 11:18 pm
Hello what's the best way to get started with Bitcoin investment cos I've been making my personal research for a while now?
@eyasu6824
December 17, 2023 at 11:18 pm
That's what you get when you have hardcore left Liberals running the economy to the ground. Justin Trudeau's trying his best here in Canada.
@user-qq9se6bw4l
December 17, 2023 at 11:18 pm
No biden in new Zealand?
@andrews6617
December 17, 2023 at 11:18 pm
Sorry bulls.