An economist says another GDP contraction today would be in-line with the idea we've been in a rolling recession for almost two years. 

The March 2024 quarter showed just 0.2% growth. 

BNZ is picking a 0.4% contraction in the second quarter. 

Chief Economist Mike Jones told Ryan Bridge the Reserve Bank's anticipating a 0.5% contraction, so it would take a real clanger to throw it off course. 

He says the bigger piece of news for interest rates in New Zealand and the Reserve Bank might be what the US Federal reserve does with interest rates.

LISTEN ABOVE

An economist says another GDP contraction today would be in-line with the idea we've been in a rolling recession for almost two years.  
The March 2024 quarter showed just 0.2% growth.  
BNZ is picking a 0.4% contraction in the second quarter.  
Chief Economist Mike Jones told Ryan Bridge the Reserve Bank's anticipating a 0.5% contraction, so it would take a real clanger to throw it off course.  
He says the bigger piece of news for interest rates in New Zealand and the Reserve Bank might be what the US Federal reserve does with interest rates. 
LISTEN ABOVE

A fresh and intelligent start to your day - catch the very latest international and domestic news developments, sport, entertainment and business on Early Edition with Ryan Bridge, on Newstalk ZB.

A fresh and intelligent start to your day - catch the very latest international and domestic news developments, sport, entertainment and business on Early Edition with Ryan Bridge, on Newstalk ZB.

Early Edition with Ryan Bridge

Mike Jones: BNZ Chief Economist ahead of today's GDP release

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/b4efa6c4-dc35-4580-a57a-b1ef015c977f/transcript

After days of mounting pressure, the Archbishop of Canterbury is stepping down over his handling of abuse allegations. 

Justin Welby —the leader of the Anglican Church— has been under fire following the release of a report into abuser John Smyth. 

Smyth, who is believed to be the most prolific child abuser associated with the Anglican Church, died in 2018 without facing justice. 

Correspondent Gavin Grey told Ryan Bridge the report's found Welby failed to take appropriate action. 

Specifically, he says the report found Welby hadn't followed up rigorously on reports of abuse of 100 young boys and men that go back as far as 2013.

LISTEN ABOVE 

After days of mounting pressure, the Archbishop of Canterbury is stepping down over his handling of abuse allegations.&nbsp;
Justin Welby —the leader of the Anglican Church— has been under fire following the release of a report into abuser John Smyth.&nbsp;
Smyth, who is believed to be the most prolific child abuser associated with the Anglican Church, died in 2018 without facing justice.&nbsp;
Correspondent Gavin Grey told Ryan Bridge the report's found Welby failed to take appropriate action.&nbsp;
Specifically, he says the report found Welby hadn't followed up rigorously on reports of abuse of 100 young boys and men that go back as far as 2013.
LISTEN ABOVE&nbsp;

Gavin Grey: Europe Correspondent on the Archbishop of Canterbury standing down over his handling of abuse allegations

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/0c614add-e921-447d-a99d-b22601524e2e/transcript

Commuter chaos. 

It's one of the prices we must pay for living in a democracy. 

I know this won't be popular with Aucklanders this morning or others around the country where this hīkoi is heading, but it's a cost we must bear. 

They're closing two lanes of the Harbour Bridge this morning, and if you've got kids getting to an NCEA exam, then you will be fuming about this. 

But let's remember, this is a one-off protest. 

It's not like those dickheads from the public rail or whatever they were in Wellington. Remember them? They repeatedly shut down the motorways. They did it time and time again. They repeatedly stopped the ambulances from getting to call outs, the kidney patients from getting to dialysis. 

They deserved to be swept to the curb, and it seems like for the most part they have been, which is a good thing. 

This is a one off from a group of people who feel, rightly or wrongly, that they're getting a hard time from this government. They feel they're not being heard in our democracy. 

And whether you agree with that or not is beside the point, the point is we live in a democracy and the right to protest is, well, a right. 

It can be an annoying one, but the minute you say you can't do it, we all lose. 

If we learned anything through Covid, it's that this whole system is rather fragile when people feel ostracized or maligned – we do better to listen rather than suppress and silence debate and dissent. 

Commuter chaos.&nbsp;
It's one of the prices we must pay for living in a democracy.&nbsp;
I know this won't be popular with Aucklanders this morning or others around the country where this hīkoi is heading, but it's a cost we must bear.&nbsp;
They're closing two lanes of the Harbour Bridge this morning, and if you've got kids getting to an NCEA exam, then you will be fuming about this.&nbsp;
But let's remember, this is a one-off protest.&nbsp;
It's not like those dickheads from the public rail or whatever they were in Wellington. Remember them? They repeatedly shut down the motorways. They did it time and time again. They repeatedly stopped the ambulances from getting to call outs, the kidney patients from getting to dialysis.&nbsp;
They deserved to be swept to the curb, and it seems like for the most part they have been, which is a good thing.&nbsp;
This is a one off from a group of people who feel, rightly or wrongly, that they're getting a hard time from this government. They feel they're not being heard in our democracy.&nbsp;
And whether you agree with that or not is beside the point, the point is we live in a democracy and the right to protest is, well, a right.&nbsp;
It can be an annoying one, but the minute you say you can't do it, we all lose.&nbsp;
If we learned anything through Covid, it's that this whole system is rather fragile when people feel ostracized or maligned – we do better to listen rather than suppress and silence debate and dissent.&nbsp;

Ryan Bridge: The price we must pay for living in a democracy

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/67dde5b3-7bc4-4110-945a-b22601324d4c/transcript

On the Early Edition with Ryan Bridge Full Show Podcast for Wednesday 13th of November, the Auditor General's report into last year's election has been released. The results have prompted ACT MP Todd Stephenson to call for an end to the broadcast allocation that sees taxpayer money used for television and radio campaign advertisements. 

Traffic chaos could be on the way for Auckland with the hikoi heading across the bridge, but it's the price we have to pay for living in a democracy. 

Get the Early Edition with Ryan Bridge Full Show Podcast every weekday on iHeartRadio, or wherever you get your podcasts. 

LISTEN ABOVE 

On the Early Edition with Ryan Bridge Full Show Podcast for Wednesday 13th of November, the Auditor General's report into last year's election has been released. The results have prompted ACT MP Todd Stephenson to call for an end to the broadcast allocation that sees taxpayer money used for television and radio campaign advertisements.&nbsp;
Traffic chaos could be on the way for Auckland with the hikoi heading across the bridge, but it's the price we have to pay for living in a democracy.&nbsp;
Get the Early Edition with Ryan Bridge Full Show Podcast every weekday on iHeartRadio, or wherever you get your podcasts.&nbsp;
LISTEN ABOVE&nbsp;

Full Show Podcast: 13 November 2024 

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/8b73967f-3405-4ea0-918b-b226011a9384/transcript

Mike Jones: BNZ Chief Economist ahead of today's GDP release

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