Perspective with Heather du Plessis-Allan: The pressure's on the RBNZ to fix the economy - fast

Best of Business · Sep 18, 2025 · 2m · transcript

Well, I think it's fair to say that the GDP print has come in at something of a shock.

The Reserve Bank was picking a contraction of 0.3 percent. The consensus was a contraction of 0.4 percent. The worst-case prediction from one of the banks was a contraction of 0.5 percent. It's come in at a contraction of 0.9 percent, which is basically twice as bad as most of us thought.

Now, the immediate problem that we have is what this is going to do to confidence, because people are already scared.

That is why it's taking this country so long to come out of recession, because every single piece of bad…