The IMF ranks NZ as 183rd out of 196 nations in the world for 2024 confirmed real economic (GDP) growth
- rmacculloch
- 6 hours ago
- 2 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 other countries have shrinking GDP. Nearly all nations ranked below us are in civil war, being Myanmar, Haiti, Ecuador, Jamaica, Kuwait, Lebanon, Syria, Libya, Yemen, Botswana, Argentina, Austria and South Sudan. In the last quarter of 2024, NZ recorded the worst contraction out of the entire group of 40 developed nations that the IMF tracks, at -1.1%. It can't be true, can it? Look at the IMF numbers yourself at this link (then click on "Statistical Appendix A: Key Global Economic Indicators"). Or get them here:
Over these past years politicians, media types & think tanks have belittled comments made on this Blog about mistakes NZ's leaders have made. Labour Leader Hipkins said in the run-up to the last election NZ was the fastest growing country in the world. None of our Big Media Outlets called him out for his utter deception. As for this Blog, it was accused of wild exaggeration. Even last year when we highlighted the IMF figures, folks said we fudged by using projected figures. The numbers quoted today are all confirmed for 2024. How a nation could be lauded as having the best pandemic response in the world (just ask Hipkins and Ardern - they will tell you it was - so it must be true) and then fall to become one of the world's most stagnant backwaters, with its youth bailing out, is remarkable. The cause? Donkey Labour. Donkey National. Both corruptly put their Donkey mates into key positions of power. Not to mention an inbred private sector that should be turned on its head. Every monopoly in NZ should be smashed. National hasn't had the guts to smash a single one. Labour entrenched them during Covid. Exaggerating again? Go look at the IMF figures.