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Ryan Bridge: We need to believe in our economy · Early Edition with Ryan Bridge

• 0:00
  Speaker 1: So we're cruising towards two percent growth off the back
• 0:02
  Speaker 1: of these two bits of good news on the economy.
• 0:04
  Speaker 1: Two percent is not rocketing along, but it's not stuck
• 0:07
  Speaker 1: in a ditch either, is it. Given the war, given diesel,
• 0:11
  Speaker 1: given Trump. Some I probably the government might even say
• 0:15
  Speaker 1: this is a fantastic result. As you know, we follow
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  Speaker 1: the data quite closely on this program. Many of you
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  Speaker 1: are business people. Many of you are farmers, small business owners,
• 0:24
  Speaker 1: doers in the economy, and you want to know what's
• 0:27
  Speaker 1: going on. Manufacturing headed out of the park on Friday. Now.
• 0:31
  Speaker 1: Services two thirds of our growth is expanding. The key
• 0:35
  Speaker 1: missing ingredient is consumer spending. Discretionary spending. You see that
• 0:39
  Speaker 1: in hospitality. You see that another fine print from the
• 0:41
  Speaker 1: services sector read yesterday. And while I O see our
• 0:44
  Speaker 1: hiking cycle certainly doesn't help with confidence, most of it's
• 0:48
  Speaker 1: priced in, and at this point the rates are still
• 0:51
  Speaker 1: technically wind at our backs rather than in our faces.
• 0:55
  Speaker 1: American consumers are far more robust and confident than us.
• 0:59
  Speaker 1: They're far more robus and confident just in general, aren't they? Americans?
• 1:02
  Speaker 1: They spend like tomorrow they'll win lotto, and they basically
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  Speaker 1: do that ninety nine percent of the time. We're far
• 1:08
  Speaker 1: more cautious here, and often with good reason. Not only
• 1:11
  Speaker 1: does that demand in America help push their economy along
• 1:15
  Speaker 1: domestic demand even when headlines suggest they shouldn't, but there
• 1:19
  Speaker 1: are ability there to dream big, invent new things, and
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  Speaker 1: create value is important here. The AI surge, the share prices,
• 1:28
  Speaker 1: the investment it generates, the plants that builds, the jobs,
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  Speaker 1: that creates the technology that we the rest of the
• 1:35
  Speaker 1: world then adopt. If success is a positive mindset and
• 1:39
  Speaker 1: unequivocal self belief, the Americans have it bottled and we
• 1:44
  Speaker 1: have it too. Perhaps we can take a leaf out
• 1:47
  Speaker 1: of their book and actually believe it. For more from
• 1:51
  Speaker 1: early edition with Ryan Bridge. Listen live to News Talks
• 1:54
  Speaker 1: it be from five am weekdays, or follow the podcast
• 1:57
  Speaker 1: on iHeartRadio.