1
00:00:00,280 --> 00:00:02,240
Speaker 1: Very so, Sen your political correspondence with us.

2
00:00:02,279 --> 00:00:04,520
Speaker 2: Now, Hey Barry, good afternoon, Heather. So this is the

3
00:00:04,559 --> 00:00:08,880
Speaker 2: first full quarter GDP result for the government, the new government.

4
00:00:09,039 --> 00:00:10,880
Speaker 2: And as far as I mean, if you're going to

5
00:00:10,920 --> 00:00:14,560
Speaker 2: take a win, then I suppose zero two percent. There

6
00:00:14,600 --> 00:00:18,000
Speaker 2: won't be any champagne corks being popped in the beehive.

7
00:00:18,040 --> 00:00:21,439
Speaker 2: I wouldn't have thought, but at least the track is

8
00:00:21,480 --> 00:00:26,599
Speaker 2: above zero or negative. So you know, zero point two percent.

9
00:00:26,680 --> 00:00:29,720
Speaker 2: I mean, it's neither here nor there, statistical margin of

10
00:00:29,720 --> 00:00:32,680
Speaker 2: era of stuff. We're probably going to exactly. But I

11
00:00:32,720 --> 00:00:36,120
Speaker 2: think the thing that they'll take some heart out of,

12
00:00:36,640 --> 00:00:39,519
Speaker 2: and it comes as no surprise, it's the primary sector

13
00:00:40,040 --> 00:00:46,960
Speaker 2: that has essentially driven the GDP rate, and that's great agriculture, forestry,

14
00:00:47,040 --> 00:00:51,400
Speaker 2: fishing production. They all rose zero point four percent, and

15
00:00:51,479 --> 00:00:56,600
Speaker 2: I think that's pretty good. The particularly forestry. The rise

16
00:00:56,640 --> 00:00:59,440
Speaker 2: there was five point five percent if you single that

17
00:00:59,480 --> 00:01:07,080
Speaker 2: one out. The downside was construction, which obviously is slow

18
00:01:07,160 --> 00:01:11,400
Speaker 2: to get underway, but with the fast track measures in place,

19
00:01:11,800 --> 00:01:14,600
Speaker 2: one can only hope that that'll have a bit of

20
00:01:14,600 --> 00:01:17,480
Speaker 2: a lift. So it was down just over three percent

21
00:01:18,000 --> 00:01:20,920
Speaker 2: in the first three months of this year. It's interesting though,

22
00:01:20,959 --> 00:01:24,000
Speaker 2: isn't it when you look at GDP rates and we

23
00:01:24,000 --> 00:01:27,000
Speaker 2: were all ready at the second end of the second quarter. Now,

24
00:01:27,520 --> 00:01:29,600
Speaker 2: well the end of June next week we will be

25
00:01:30,120 --> 00:01:33,120
Speaker 2: and we have to wait another three months before we

26
00:01:33,160 --> 00:01:35,800
Speaker 2: know what's happening at the moment, you know. And I

27
00:01:35,840 --> 00:01:39,479
Speaker 2: think the data that comes out, STATS says it can't

28
00:01:39,480 --> 00:01:41,480
Speaker 2: do it more regularly. It is too expensive. Well I

29
00:01:41,480 --> 00:01:45,000
Speaker 2: don't know why not, but you're expensive. Well how's it.

30
00:01:45,760 --> 00:01:50,480
Speaker 2: Don't they have computers? Barry Stats can't even do the census,

31
00:01:50,600 --> 00:01:54,200
Speaker 2: so maybe no, they don't have computers. I'll be interested

32
00:01:54,280 --> 00:01:57,400
Speaker 2: to see what Nichola Willis says. I'm sure she's pretty realistic,

33
00:01:57,480 --> 00:02:01,720
Speaker 2: but she said that today that New Zealanders are filling

34
00:02:01,760 --> 00:02:06,000
Speaker 2: the long shadow of the prolonged period of inflation in

35
00:02:06,000 --> 00:02:09,360
Speaker 2: this country, and of course that's in the book of

36
00:02:09,400 --> 00:02:12,480
Speaker 2: Adrian or and what the Reserve Bank will be doing.

37
00:02:12,560 --> 00:02:16,000
Speaker 2: Don't expect to see much movement in the OCR, I

38
00:02:16,040 --> 00:02:18,240
Speaker 2: would think on that front, which is a bit unfortunate.

39
00:02:18,280 --> 00:02:22,440
Speaker 2: But I looked around the world to see what the

40
00:02:22,480 --> 00:02:25,679
Speaker 2: GDP rates were like for other countries, and you look

41
00:02:25,680 --> 00:02:30,200
Speaker 2: at the country that Chris Luxen has just left, Japan,

42
00:02:30,280 --> 00:02:33,760
Speaker 2: they're only at zero point nine percent for a year.

43
00:02:34,600 --> 00:02:37,200
Speaker 2: You look at Fiji, where he was recently, that's at

44
00:02:37,200 --> 00:02:42,560
Speaker 2: three percent. Australia's at one point five percent. The United States,

45
00:02:42,560 --> 00:02:45,440
Speaker 2: so they've come through COVID obviously pretty well. At two

46
00:02:45,520 --> 00:02:48,560
Speaker 2: point seven percent of non enormous economy. That sounds pretty

47
00:02:48,600 --> 00:02:52,959
Speaker 2: good to me. Well, they're above yeah, all above us. Hey,

48
00:02:53,320 --> 00:02:56,040
Speaker 2: so the American you'll be excited as a massive Trump supporter,

49
00:02:56,080 --> 00:02:59,920
Speaker 2: You'll be absolutely for the first presidential debate. Yeah, well,

50
00:03:00,040 --> 00:03:01,680
Speaker 2: you know, I got another email, and I've got a

51
00:03:01,680 --> 00:03:05,520
Speaker 2: couple of emails from the Republican campaign. They were telling

52
00:03:05,520 --> 00:03:07,920
Speaker 2: me this morning, this is the moment we've been waiting for.

53
00:03:08,080 --> 00:03:11,440
Speaker 2: Barry were just a few days away from President Trump,

54
00:03:11,480 --> 00:03:16,160
Speaker 2: our MAGA champion, stepping into the ring with crocod Joe Biden.

55
00:03:16,560 --> 00:03:20,880
Speaker 2: The debate is this time next week, and they're saying

56
00:03:20,919 --> 00:03:23,520
Speaker 2: that we all know what will happen in this debate.

57
00:03:23,880 --> 00:03:27,760
Speaker 2: President Trump will dominate, Biden will be as high as

58
00:03:27,760 --> 00:03:31,120
Speaker 2: a kite, and the fake news media will lie about

59
00:03:31,160 --> 00:03:34,639
Speaker 2: the real winners. They're pretty negative at the beginning. Yeah. Well,

60
00:03:34,760 --> 00:03:37,600
Speaker 2: judging by the performance though, I've got to say both

61
00:03:37,680 --> 00:03:41,200
Speaker 2: men over the past twenty four hours, you'd have to ask,

62
00:03:41,560 --> 00:03:43,640
Speaker 2: what's the world coming to? Here?

63
00:03:43,680 --> 00:03:46,720
Speaker 1: They are, My name's Joe Biden and Joe Biden's husband,

64
00:03:48,440 --> 00:03:53,360
Speaker 1: Thanks to all the members of Congress and Homeland Security Secretary.

65
00:03:54,800 --> 00:03:56,600
Speaker 2: I'm not sure you're going to do all the way.

66
00:03:57,000 --> 00:04:01,920
Speaker 1: Well, I'll kindnes side Secretary Moericus as well as Secretary Sarah.

67
00:04:02,160 --> 00:04:05,280
Speaker 1: Everybody's just here. Take a look at our inflation, our

68
00:04:05,320 --> 00:04:08,120
Speaker 1: real inflation. They said it was ten for the last

69
00:04:08,120 --> 00:04:11,200
Speaker 1: couple of years. Cumulatively, you take a look at inflation

70
00:04:11,720 --> 00:04:14,320
Speaker 1: and if you add different categories, which said, I think

71
00:04:14,320 --> 00:04:17,600
Speaker 1: our inflation is between forty and fifty percent, they say,

72
00:04:17,640 --> 00:04:20,560
Speaker 1: answered twenty two percent, but I think you could double it.

73
00:04:21,080 --> 00:04:23,640
Speaker 2: Yeah, well, the official inflation right in the US is

74
00:04:23,640 --> 00:04:28,120
Speaker 2: three point seven percent. Barry, Look, I know you hate Trump,

75
00:04:28,120 --> 00:04:30,960
Speaker 2: but you have to agree you'd rather take the moron

76
00:04:31,160 --> 00:04:33,560
Speaker 2: over the guy who can't talk. Well, he's more articulate,

77
00:04:33,640 --> 00:04:37,159
Speaker 2: there's no doubt about that. I'd to me to compare

78
00:04:37,200 --> 00:04:40,000
Speaker 2: those two audio. I mean, you would have to take

79
00:04:40,080 --> 00:04:42,560
Speaker 2: the moron over the guy who can't finish a sentence.

80
00:04:42,600 --> 00:04:45,680
Speaker 2: Come on, true that, but does he understand what's going

81
00:04:45,720 --> 00:04:49,040
Speaker 2: on in the economy clearly not does he the other

82
00:04:49,080 --> 00:04:52,400
Speaker 2: one doesn't understand anything by it sounds things geez honestly,

83
00:04:52,520 --> 00:04:55,599
Speaker 2: Joe Biden, hey quickly, So Luxin's on his way back,

84
00:04:56,080 --> 00:04:59,400
Speaker 2: playing yes, well as I understand it. It's in the

85
00:04:59,440 --> 00:05:05,160
Speaker 2: air at the moment, not flying low altitude Luxon. Of course,

86
00:05:05,240 --> 00:05:08,039
Speaker 2: before he left, he committed New Zealand to doing more

87
00:05:08,080 --> 00:05:12,400
Speaker 2: to defend and protect the Indo Pacific region. What New

88
00:05:12,520 --> 00:05:16,640
Speaker 2: Zealand can do, though measurably, is debatable. I mean, our

89
00:05:16,760 --> 00:05:20,080
Speaker 2: armed forces aren't great. We are, though, sending a free

90
00:05:20,160 --> 00:05:26,359
Speaker 2: it up there to monitor any transgressions to the packed

91
00:05:26,400 --> 00:05:29,640
Speaker 2: against North Korea. And as these two, as the Prime

92
00:05:29,680 --> 00:05:32,680
Speaker 2: Minister of Japan and our Prime minister were discussing things

93
00:05:34,120 --> 00:05:37,839
Speaker 2: a very short distance away, a short plane ride away

94
00:05:37,880 --> 00:05:41,560
Speaker 2: of course. For that Vladimir Putin was with Kim Jong

95
00:05:41,640 --> 00:05:47,440
Speaker 2: on and Poyang So they were discussing. They were discussing

96
00:05:47,680 --> 00:05:51,640
Speaker 2: and making a commitment that if one one is attacked,

97
00:05:52,240 --> 00:05:55,919
Speaker 2: the other will protect it. So, you know, again, like

98
00:05:56,040 --> 00:05:58,840
Speaker 2: I said, with the most powerful men in the world,

99
00:05:58,920 --> 00:06:01,360
Speaker 2: as you just heard, you know, you wonder what the

100
00:06:01,360 --> 00:06:02,840
Speaker 2: world's coming to me. It doesn't sound good.

101
00:06:03,240 --> 00:06:05,160
Speaker 1: Thank you very much, really appreciate it, very so for

102
00:06:05,240 --> 00:06:06,440
Speaker 1: senior political correspondent.

103
00:06:07,279 --> 00:06:10,440
Speaker 2: For more from Hither Duplessy Alan Drive, listen live to

104
00:06:10,560 --> 00:06:13,559
Speaker 2: news talks it'd be from four pm weekdays, or follow

105
00:06:13,600 --> 00:06:15,400
Speaker 2: the podcast on iHeartRadio