Latest / Early Edition with Ryan Bridge
Ryan Bridge: When will our economy come out of its hangover?
The US economy is just humming along at the moment, isn't it?
2.8% is their lucky number this morning. 2.8% annualised GDP for the September quarter.
Better than the Eurozone, better than the UK, and much better than New Zealand.
We're still going backwards.
We went balls to the wall with interest rate hikes post Covid and we were the first to do it. Adrian Orr and the Reserve Bank held higher for longer and the hangover is hitting like a 40 ounce of Smirnoff in the morning.
It's not pretty, is it?
Sure, the rates are coming down and we saw more of that yesterday, but boy, the mess that…
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