The Prime Minister has copped some backlash over the state of the economy during his morning media round.

This follows two disappointing showings for the coalition in the polls, with Chris Luxon's standing as preferred Prime Minister taking a hit.

Luxon has stayed optimistic - and Infometics Principal Economist Brad Olsen is hopeful things will turn around later in the year.

"Those interest rates are coming down - but it takes a bit of time for everyone to re-fix onto them. And at the same time, data out recently showed that the unemployment rate has been going up. So I do think we're in that odd period...but there are those greener shoots showing through."

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The Prime Minister has copped some backlash over the state of the economy during his morning media round.
This follows two disappointing showings for the coalition in the polls, with Chris Luxon's standing as preferred Prime Minister taking a hit.
Luxon has stayed optimistic - and Infometics Principal Economist Brad Olsen is hopeful things will turn around later in the year.
"Those interest rates are coming down - but it takes a bit of time for everyone to re-fix onto them. And at the same time, data out recently showed that the unemployment rate has been going up. So I do think we're in that odd period...but there are those greener shoots showing through."
LISTEN ABOVE

With a straight down the middle approach, Heather du Plessis-Allan Drive on Newstalk ZB delivers the very latest news and views to New Zealanders as they wrap up their day.

Heather du Plessis-Allan Drive

Brad Olsen: Infometics Principal Economist outlines economic predictions for 2025

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/81164858-77cc-4ed7-a386-b28100774c86/transcript