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Speaker 1: I must read for a reality check. Is the ABC

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Speaker 1: as in the Australian Broadcasting Corporation exploration of the New

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Speaker 1: Zealand versus Australian economy. Normally, the ABC, like a lot

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Speaker 1: of public broadcasters, tease you with the headline and end

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Speaker 1: up concluding nothing that so they can claim to be balanced.

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Speaker 1: Not so in this case. Gareth Hutchins is your author.

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Speaker 1: The headline inflation has fallen in New Zealand and Australia,

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Speaker 1: But which is faring better? See it's always instructive to

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Speaker 1: read specific comparisons, look at the wider picture, crunch the numbers,

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Speaker 1: and this piece does that, and boy does it do that.

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Speaker 1: It starts with a clue. New Zealand's economy is in recession.

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Speaker 1: Australia's economy is not in recession. He then involves the

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Speaker 1: Reserve Bank. Our cash rate peaked at five point five percent,

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Speaker 1: Australia's peaked at four point three five percent unemployment, New

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Speaker 1: Zealand's got to five point one, probably still climbing. Australia's

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Speaker 1: under four percent. New Zealand's labor force hasn't grown in

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Speaker 1: the past twelve months. Is a wake up called New

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Speaker 1: Zealand's labor force hasn't grown in the past twelve months.

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Speaker 1: Australia's labor force has been consistently growing for the past

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Speaker 1: twelve months, he writes. In the past three years, Australia's

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Speaker 1: economy hasn't recorded a single quarter of negative growth. New

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Speaker 1: Zealand's economy has three quarters of zero growth, three quarters

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Speaker 1: of negative growth. It's just experienced six consecutive quarters of

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Speaker 1: negative growth, he writes. The Reserve Bank. The article points

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Speaker 1: out the respective rbs pursued different approaches to employment as

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Speaker 1: regards their approach to inflation, also points out that they've

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Speaker 1: got slightly different bands. We've got a one to three band,

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Speaker 1: they've got a two to three band. The approach, according

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Speaker 1: to the Australian ARB was to quote, preserve as many

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Speaker 1: of the jobs that have been created in recent years

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Speaker 1: as we can. Did they do that? Yes, they did.

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Speaker 1: The last line in the article you're ready for this,

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Speaker 1: and thousands of Kiwis have revealed which strategy they prefer

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Speaker 1: by buying a plane ticket to Australia. I think most

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Speaker 1: of us could have guessed basically what the article says,

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Speaker 1: but to put it in words with stats and graphs

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Speaker 1: and lay it bare. A more depressing, debilitating, deflating, and

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Speaker 1: anger inducing set of numbers would be hard to find.

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Speaker 1: And those of us left here you have and are

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Speaker 1: living through all of this talk about Stark. For more

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Speaker 1: from the Mic Asking Breakfast, listen live to News Talks

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Speaker 1: at B from six am weekdays, or follow the podcast

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Speaker 1: on iHeartRadio