Mike's Minute: Our economic decline is alarming

Best of Business · Jul 10, 2023 · 2m

Are you reading about the economy and its performance, or lack of, with the alarm I am?

More and more economists are now predicting a double dip recession. Grant Robertson is already working overtime trying to explain why we have had one already, while the vast majority of the rest of the world hasn’t.

Now he may face the unedifying prospect of having to do it twice. Mind you, he will most likely be out of office by the time all the numbers are in.

Then we get to the Government accounts published last week. They are billions worse than forecast in the Budget.

You remember the Budget? It only…