- rmacculloch
- 3 hours ago
- 1 min read
Its official. The figures came in yesterday from the International Monetary Fund. NZ had one of the world's worst performing economies in 2024, coming in at 183rd out 196 nations. New Zealand and a tiny handful of countries have shrinking GDP. Nearly all of the nations ranked below us are in civil war. They are Myanmar, Haiti, Ecuador, Jamaica, Kuwait, Lebanon, Syria, Libya, Yemen, Botswana, Argentina, Austria and South Sudan. It can't be true, can it? Don't believe me? Then look at the IMF numbers for yourself at the underlined link (and click on "Statistical Appendix A: Key Global Economic Indicators"). Over these past years politicians, media types, and think tanks have belittled comments we've made on this Blog regarding mistakes NZ's leaders were making. We were accused of exaggerating. Even last year when we highlighted the IMF figures, the reply was we used projected figures. The figures we're using today are actual ones for 2024. How a nation could be lauded as having the world's best Covid response (just ask Labour Leader Hipkins and former PM Ardern - it has to be true) and then fall to become one of the most stagnant backwaters, with its youth bailing out for overseas, is remarkable. The cause? Donkeys in our political parties, who corruptly put their donkey mates into key positions of power, not to mention an inbred private sector that needs to be turned on its head. Every monopoly in NZ should be smashed to pieces. Exaggerating again? Go look at the IMF report.