It’s a tale of two economies, for now. 

The Reserve Bank is forecasting more OCR cuts next year, sooner than previously expected, after yesterday's 50-basis point cut to 4.25%. 

But Governor Adrian Orr says growth remains weak globally. 

Former Finance Minister Steven Joyce told Mike Hosking there are green shoots in the economy, but they're confined to specific sectors like commercial property, dairy, kiwifruit, and the tech sector. 

He says big-employing industries like service and retail have been flat as a pancake, alongside residential property and construction. 

LISTEN ABOVE 

It’s a tale of two economies, for now.&nbsp;
The Reserve Bank is forecasting more OCR cuts next year, sooner than previously expected, after yesterday's 50-basis point cut to 4.25%.&nbsp;
But Governor Adrian Orr says growth remains weak globally.&nbsp;
Former Finance Minister Steven Joyce told Mike Hosking there are green shoots in the economy, but they're confined to specific sectors like commercial property, dairy, kiwifruit, and the tech sector.&nbsp;
He says big-employing industries like service and retail have been flat as a pancake, alongside residential property and construction.&nbsp;
LISTEN ABOVE&nbsp;

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Open your mind to the world with New Zealand’s number one breakfast radio show. Without question, as New Zealand’s number one talk host, Mike Hosking sets the day’s agenda. The sharpest voice and mind in the business, Mike drives strong opinion, delivers the best talent, and always leaves you wanting more. The Mike Hosking Breakfast always cuts through and delivers the best daily on Newstalk ZB.

Open your mind to the world with New Zealand’s number one breakfast radio show.

Without question, as New Zealand’s number one talk host, Mike Hosking sets the day’s agenda.

The sharpest voice and mind in the business, Mike drives strong opinion,...

The Mike Hosking Breakfast

Steven Joyce: Former Finance Minister on the cuts to the OCR and the current state of the economy

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/c950c463-5a27-4c87-b313-b23501348e61/transcript

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