Experts are forecasting more financial pressure for households, continuing into late next year.

The Infometrics data expects the annual GDP to dip into the negatives mid 2024, meaning slower growth than had previously been expected.

Infometrics Chief Forecaster Gareth Kiernan told Mike Hosking that with higher interest rates more properties are on the market with no buyers out. 

He says households are showing the signs of all the interest rate rises over the past few years. 

Kiernan says it'll be another 12 months before the worst of the downturn is behind us.

LISTEN ABOVE

Experts are forecasting more financial pressure for households, continuing into late next year. 
The Infometrics data expects the annual GDP to dip into the negatives mid 2024, meaning slower growth than had previously been expected. 
Infometrics Chief Forecaster Gareth Kiernan told Mike Hosking that with higher interest rates more properties are on the market with no buyers out.  
He says households are showing the signs of all the interest rate rises over the past few years.  
Kiernan says it'll be another 12 months before the worst of the downturn is behind us. 
LISTEN ABOVE

Don't risk not knowing what's going around New Zealand and the world - catch up with interviews from Early Edition on Newstalk ZB.

Don't risk not knowing what's going around New Zealand and the world - catch up with interviews from Early Edition on Newstalk ZB.

Don't risk not knowing what's going around New Zealand and the world - catch up with interviews from Early Edition, hosted by Kate Hawkesby on Newstalk ZB.

Early Edition on Newstalk ZB

Gareth Kiernan: Infometrics Chief Forecaster says financial pressures are expected to continue into late 2025

UK Correspondent Vincent McAviney brings us the latest on the UK local elections and from London’s fatal sword attack. 

McAviney told Mike Hosking “If things are really bad for the Prime Minister, it could see a mutiny on his back benches.” 

McAviney said Rishi Sunak is expected to lose around half of their councillors in England and Wales. 

McAviney says the only thing that might stop his party from replacing him is that the British public don't want a sixth conservative Prime Minister in fourteen years. 

In other news, a man has been charged with murder for the sword attack on a fourteen-year-old boy. 

LISTEN ABOVE.

UK Correspondent Vincent McAviney brings us the latest on the UK local elections and from London’s fatal sword attack.  
McAviney told Mike Hosking “If things are really bad for the Prime Minister, it could see a mutiny on his back benches.”  
McAviney said Rishi Sunak is expected to lose around half of their councillors in England and Wales.  
McAviney says the only thing that might stop his party from replacing him is that the British public don't want a sixth conservative Prime Minister in fourteen years.  
In other news, a man has been charged with murder for the sword attack on a fourteen-year-old boy.  
LISTEN ABOVE.

Vincent McAviney: British PM expected to lose half his councillors across England and Wales

Is it time to review the attitudes of MPs inside parliament?

Political commentator Brigette Morten told Mike Hosking that in a week with MP pay rises and James Shaw’s exit - it has become all about her outburst. 

“It looks like there’s been a pattern of behaviour,” Morten said.

House Speaker Gerry Brownlee said there’s a justice process, during which Genter can make representations to the Speaker by midday Monday. 

Green Party co-leader Marama Davidson told reporters that Genter was currently working from home.

LISTEN ABOVE.

Is it time to review the attitudes of MPs inside parliament? 
Political commentator Brigette Morten told Mike Hosking that in a week with MP pay rises and James Shaw’s exit - it has become all about her outburst.  
“It looks like there’s been a pattern of behaviour,” Morten said. 
House Speaker Gerry Brownlee said there’s a justice process, during which Genter can make representations to the Speaker by midday Monday.  
Green Party co-leader Marama Davidson told reporters that Genter was currently working from home. 
LISTEN ABOVE.

Brigette Morten: Political Commentator on Julie Anne Genter's outburst in parliament

Are kiwis uninterested in New Zealand Fashion?

New Zealand Fashion Week has been cancelled this August and has decided to shift into a two-yearly schedule.

Owner Feroz Ali says there weren't enough designers to commit to the weeklong event because they're focused on the survival of their businesses.

Retail NZ Chief Executive Carolyn Young told Mike Hosking that it's not that people don't want to buy local.

She says the biggest factor is that people don't have disposable income to spend on discretionary items.

LISTEN ABOVE  

Are kiwis uninterested in New Zealand Fashion? 
New Zealand Fashion Week has been cancelled this August and has decided to shift into a two-yearly schedule. 
Owner Feroz Ali says there weren't enough designers to commit to the weeklong event because they're focused on the survival of their businesses. 
Retail NZ Chief Executive Carolyn Young told Mike Hosking that it's not that people don't want to buy local. 
She says the biggest factor is that people don't have disposable income to spend on discretionary items. 
LISTEN ABOVE

Gareth Kiernan: Infometrics Chief Forecaster says financial pressures are expected to continue into late 2025

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