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

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An Auckland principal says teaching isn't a job, it's a service. \n

The Government's instructing schools to have Stepped Attendance Response plans by 2026. \n

It's also instructed them not to take teacher-only days in term time, unless authorised by the Minister. \n

May Road Primary School principal Lynda Stuart told Ryan Bridge that it’s a complex situation because she knows that in her school, teachers are basically just limping towards the end of the term. \n

She says that teachers need time in the holidays to recuperate before they’re back in their classrooms preparing for next term, and they don't have as long of holidays as some people think.\n

LISTEN ABOVE","blocks":{"contentData":[],"settingsData":[]}}

{"markup":"<p style="\&quot;-webkit-user-drag:" none;="" -webkit-tap-highlight-color:="" transparent;="" margin:="" 0px="" 0px="" 10.6667px;="" padding:="" 0px;="" user-select:="" text;="" overflow-wrap:="" break-word;="" white-space:="" pre-wrap;="" vertical-align:="" baseline;="" font-kerning:="" none;="" background-color:="" transparent;="" color:="" windowtext;="" text-align:="" left;="" text-indent:="" 0px;\"="">An Auckland principal says teaching isn't a job, it's a service. \n<p style="\&quot;-webkit-user-drag:" none;="" -webkit-tap-highlight-color:="" transparent;="" margin:="" 0px="" 0px="" 10.6667px;="" padding:="" 0px;="" user-select:="" text;="" overflow-wrap:="" break-word;="" white-space:="" pre-wrap;="" vertical-align:="" baseline;="" font-kerning:="" none;="" background-color:="" transparent;="" color:="" windowtext;="" text-align:="" left;="" text-indent:="" 0px;\"="">The Government's instructing schools to have Stepped Attendance Response plans by 2026. \n<p style="\&quot;-webkit-user-drag:" none;="" -webkit-tap-highlight-color:="" transparent;="" margin:="" 0px="" 0px="" 10.6667px;="" padding:="" 0px;="" user-select:="" text;="" overflow-wrap:="" break-word;="" white-space:="" pre-wrap;="" vertical-align:="" baseline;="" font-kerning:="" none;="" background-color:="" transparent;="" color:="" windowtext;="" text-align:="" left;="" text-indent:="" 0px;\"="">It's also instructed them not to take teacher-only days in term time, unless authorised by the Minister. \n<p style="\&quot;-webkit-user-drag:" none;="" -webkit-tap-highlight-color:="" transparent;="" margin:="" 0px="" 0px="" 10.6667px;="" padding:="" 0px;="" user-select:="" text;="" overflow-wrap:="" break-word;="" white-space:="" pre-wrap;="" vertical-align:="" baseline;="" font-kerning:="" none;="" background-color:="" transparent;="" color:="" windowtext;="" text-align:="" left;="" text-indent:="" 0px;\"="">May Road Primary School principal Lynda Stuart told Ryan Bridge that it’s a complex situation because she knows that in her school, teachers are basically just limping towards the end of the term. \n<p style="\&quot;-webkit-user-drag:" none;="" -webkit-tap-highlight-color:="" transparent;="" margin:="" 0px="" 0px="" 10.6667px;="" padding:="" 0px;="" user-select:="" text;="" overflow-wrap:="" break-word;="" white-space:="" pre-wrap;="" vertical-align:="" baseline;="" font-kerning:="" none;="" background-color:="" transparent;="" color:="" windowtext;="" text-align:="" left;="" text-indent:="" 0px;\"="">She says that teachers need time in the holidays to recuperate before they’re back in their classrooms preparing for next term, and they don't have as long of holidays as some people think.\n<p style="\&quot;-webkit-user-drag:" none;="" -webkit-tap-highlight-color:="" transparent;="" margin:="" 0px="" 0px="" 10.6667px;="" padding:="" 0px;="" user-select:="" text;="" overflow-wrap:="" break-word;="" white-space:="" pre-wrap;="" vertical-align:="" baseline;="" font-kerning:="" none;="" background-color:="" transparent;="" color:="" windowtext;="" text-align:="" left;="" text-indent:="" 0px;\"="">LISTEN ABOVE","blocks":{"contentData":[],"settingsData":[]}}

Lynda Stuart: May Road Primary School Principal on the new attendance and teacher-only day policies

{"markup":"

Thank God the UN General Assembly is underway in New York. Nothing solves global conflict like a good UNGA session. \n

I've been to one of these before, back when John Key was the Prime Minister – there was a resolution on Iran. \n

A lot of sitting around talking and listening, which as Winston Peters pointed out yesterday, is quite important! \n

Netanyahu's enroute. Zelensky's there. Palestinian President Mahmoud Abbas. Putin the Pariah obviously won't be, but does anybody hold out any hope that the UN will fix the big issues? Magically solve the wars and conflict? \n

As we reported to you on Thursday's show, China's launching missiles into the South Pacific for the first time since the 1980s. A Japanese warship’s just sailed through the Taiwan Strait for the first time overnight. Israel's hammering Lebanon - today they said \"no thanks” to a peace deal. \n

Putin's lowering the threshold for nuclear weapons. Trump says Ukraine is dead, and delegates are talking over the top of Winston Peters at the Security Council, which he wasn't happy about, calling for the room to be quiet. \n

\"Maybe a third principal, when somebody's addressing you, the rest of the people in the room keep quiet.” \n

Some would say these are challenges the world can face together, united as one United Nations, but most of the time it's about as useful as ashtray in a motorbike, and most countries and their leaders know this. \n

But off they go to the off to the Big Apple, to do their dance and thump their fists and have their say, while the rest of world largely ignores and carries on - business as usual. ","blocks":{"contentData":[],"settingsData":[]}}

Ryan Bridge: Nothing solves global conflict like a good UNGA session

{"markup":"

On the Early Edition with Ryan Bridge Full Show Podcast for Friday 27th of September, David Seymour is cracking down on school attendance as new numbers show it's improving. But will the new moves, which could see parents prosecuted, work? May Road Principal Lynda Stuard joins the show.\n

The two government owned weather forecasters NIWA and MetService could soon be one, with an agreement in-principal signed for NIWA to acquireMetService. Weatherwatch Head Analyst Philip Duncan speaks to Ryan about what the move means for our forecasting.\n

The All Blacks will face Australia in Wellington this weekend their final home test this year. Can they make it the full 90 minutes? Newstalk ZB's voice of rugby Elliott Smith joins the show.\n

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

LISTEN ABOVE","blocks":{"contentData":[],"settingsData":[]}}

{"markup":"<p style="\&quot;-webkit-user-drag:" none;="" -webkit-tap-highlight-color:="" transparent;="" margin:="" 0px;="" padding:="" 0px;="" user-select:="" text;="" overflow-wrap:="" break-word;="" white-space:="" pre-wrap;="" vertical-align:="" baseline;="" font-kerning:="" none;="" background-color:="" rgb(255,="" 255,="" 255);="" color:="" windowtext;="" text-align:="" left;="" text-indent:="" 0px;\"="">On the Early Edition with Ryan Bridge Full Show Podcast for Friday 27th of September, David Seymour is cracking down on school attendance as new numbers show it's improving. But will the new moves, which could see parents prosecuted, work? May Road Principal Lynda Stuard joins the show.\n<p style="\&quot;-webkit-user-drag:" none;="" -webkit-tap-highlight-color:="" transparent;="" margin:="" 0px;="" padding:="" 0px;="" user-select:="" text;="" overflow-wrap:="" break-word;="" white-space:="" pre-wrap;="" vertical-align:="" baseline;="" font-kerning:="" none;="" background-color:="" rgb(255,="" 255,="" 255);="" color:="" windowtext;="" text-align:="" left;="" text-indent:="" 0px;\"="">The two government owned weather forecasters NIWA and MetService could soon be one, with an agreement in-principal signed for NIWA to acquireMetService. Weatherwatch Head Analyst Philip Duncan speaks to Ryan about what the move means for our forecasting.\n<p style="\&quot;-webkit-user-drag:" none;="" -webkit-tap-highlight-color:="" transparent;="" margin:="" 0px;="" padding:="" 0px;="" user-select:="" text;="" overflow-wrap:="" break-word;="" white-space:="" pre-wrap;="" vertical-align:="" baseline;="" font-kerning:="" none;="" background-color:="" rgb(255,="" 255,="" 255);="" color:="" windowtext;="" text-align:="" left;="" text-indent:="" 0px;\"="">The All Blacks will face Australia in Wellington this weekend their final home test this year. Can they make it the full 90 minutes? Newstalk ZB's voice of rugby Elliott Smith joins the show.\n<p style="\&quot;-webkit-user-drag:" none;="" -webkit-tap-highlight-color:="" transparent;="" margin:="" 0px;="" padding:="" 0px;="" user-select:="" text;="" overflow-wrap:="" break-word;="" white-space:="" pre-wrap;="" vertical-align:="" baseline;="" font-kerning:="" none;="" background-color:="" rgb(255,="" 255,="" 255);="" color:="" windowtext;="" text-align:="" left;="" text-indent:="" 0px;\"="">Get the Early Edition with Ryan Bridge Full Show Podcast every weekday on iHeartRadio, or wherever you get your podcasts.\n<p style="\&quot;-webkit-user-drag:" none;="" -webkit-tap-highlight-color:="" transparent;="" margin:="" 0px;="" padding:="" 0px;="" user-select:="" text;="" overflow-wrap:="" break-word;="" white-space:="" pre-wrap;="" vertical-align:="" baseline;="" font-kerning:="" none;="" background-color:="" rgb(255,="" 255,="" 255);="" color:="" windowtext;="" text-align:="" left;="" text-indent:="" 0px;\"="">LISTEN ABOVE","blocks":{"contentData":[],"settingsData":[]}}

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

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