One expert says today's GDP figures paint a bleak picture of the economy - but there's light at the end of the tunnel.

Stats NZ revealed this morning a 0.2 percent contraction for the three months to June, following 0.1 percent growth in the March quarter.

Kiwibank economist Jarrod Kerr says it's likely the economy won't start growing again until late 2025.

"The Reserve Bank's put a stake in the ground - they started cutting in August - and I think that'll mark the turning point."

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One expert says today's GDP figures paint a bleak picture of the economy - but there's light at the end of the tunnel.
Stats NZ revealed this morning a 0.2 percent contraction for the three months to June, following 0.1 percent growth in the March quarter.
Kiwibank economist Jarrod Kerr says it's likely the economy won't start growing again until late 2025.
"The Reserve Bank's put a stake in the ground - they started cutting in August - and I think that'll mark the turning point."
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

Jarrod Kerr: Kiwibank economist on New Zealand's GDP dropping 0.2 percent

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/5279d967-3642-4d4b-af1f-b1f0006646a8/transcript

Genesis is backing a Parliamentary petition to ban incandescent light bulbs, and it's prompted concerns from some.

These bulbs are already banned in the Australia, the EU, the US, Canada and many other countries. 

However, physique specialist Tim Bean says people who are constantly exposed to LED lights have a strong 'blue spectrum' and it interferes with our sleep-wake cycles.

"It does disrupt things like circadian rhythm patterns and sleep patterns as well...and we've known this for a very long time." 

LISTEN ABOVE

Genesis is backing a Parliamentary petition to ban incandescent light bulbs, and it's prompted concerns from some.
These bulbs are already banned in the Australia, the EU, the US, Canada and many other countries.&nbsp;
However, physique specialist Tim Bean says people who are constantly exposed to LED lights have a strong 'blue spectrum' and it interferes with our sleep-wake cycles.
"It does disrupt things like circadian rhythm patterns and sleep patterns as well...and we've known this for a very long time."&nbsp;
LISTEN ABOVE

Tim Bean: physique specialist voices concerns with proposed ban on incandescent light bulbs

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/279bbc9c-6379-4ba5-ba11-b48000785bf8/transcript

Plugging a a solar panel into your own wall is currently illegal in New Zealand, but the Government's looking into changing that.

In a post on Facebook, Energy Minister Simeon Brown says work is currently under way to make this change happen.

Rewiring Aotearoa CEO Mike Casey has welcomed this move, saying this development would be 'amazing'.

"It's something that we thought needed to happen in New Zealand, it hasn't happened in Australia yet - we copy a lot of our regulations and standards from Australia, so we're breaking the mould and heading out and doing it ourselves."

LISTEN ABOVE

Plugging a a solar panel into your own wall is currently illegal in New Zealand, but the Government's looking into changing that.
In a post on Facebook, Energy Minister Simeon Brown says work is currently under way to make this change happen.
Rewiring Aotearoa CEO Mike Casey has welcomed this move, saying this development would be 'amazing'.
"It's something that we thought needed to happen in New Zealand, it hasn't happened in Australia yet - we copy a lot of our regulations and standards from Australia, so we're breaking the mould and heading out and doing it ourselves."
LISTEN ABOVE

Mike Casey: Rewiring Aotearoa CEO on the Government looking to changes laws on plug-in solar panels

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/78efb806-8434-4a4b-a8a4-b4800075906a/transcript

Has a second NRL team in New Zealand edged closer to a reality after the NRL's new multi-billion dollar broadcast deal?

The Australian Rugby League Commission has signed a new seven-year TV rights deal with its existing partners on both sides of the Tasman, including Sky TV, starting in 2028.

The NRL wants to increase to 20 teams during that period, with Christchurch considered a candidate for an expansion licence.

Sky TV boss Sophie Moloney has been asked what the new deal means to that end.

"That's definitely one for the commission - that wasn't determinist of our values, we've valued it up based on what we've got and we love our Warriors." 

LISTEN ABOVE

Has a second NRL team in New Zealand edged closer to a reality after the NRL's new multi-billion dollar broadcast deal?
The Australian Rugby League Commission has signed a new seven-year TV rights deal with its existing partners on both sides of the Tasman, including Sky TV, starting in 2028.
The NRL wants to increase to 20 teams during that period, with Christchurch considered a candidate for an expansion licence.
Sky TV boss Sophie Moloney has been asked what the new deal means to that end.
"That's definitely one for the commission - that wasn't determinist of our values, we've valued it up based on what we've got and we love our Warriors."&nbsp;
LISTEN ABOVE

Sophie Moloney: Sky TV chief executive on Sky winning NRL and Warriors rights in new broadcast deal

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/cd83fcb7-0faf-47bb-b271-b480006dd28a/transcript

Jarrod Kerr: Kiwibank economist on New Zealand's GDP dropping 0.2 percent

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