1 00:00:01,000 --> 00:00:05,480 Speaker 1: You're listening to a Chersias podcast. What are you thinking 2 00:00:05,880 --> 00:00:09,080 Speaker 1: in twenty twenty five? I'll start with you, Giles, is 3 00:00:09,200 --> 00:00:11,200 Speaker 1: going to be a positive for New Zealand. 4 00:00:11,600 --> 00:00:14,080 Speaker 2: I think we're just actually going to be more cheerful. 5 00:00:14,200 --> 00:00:17,960 Speaker 2: I mean we're well, no, no, I mean and that's yeah. 6 00:00:17,960 --> 00:00:18,720 Speaker 3: That's where it starts. 7 00:00:18,760 --> 00:00:23,600 Speaker 2: It's that positivity there, right, a sunny disposition of disposition, 8 00:00:24,160 --> 00:00:27,360 Speaker 2: even if the weather doesn't play ball. But I think 9 00:00:27,440 --> 00:00:31,680 Speaker 2: people you're feeling it already, right, People talk positive, right, 10 00:00:32,159 --> 00:00:34,200 Speaker 2: I mean the number of people I talk to now 11 00:00:34,320 --> 00:00:38,800 Speaker 2: are actually saying it won't be thrive, right, but we've survived, 12 00:00:39,159 --> 00:00:40,639 Speaker 2: right well and good. 13 00:00:40,560 --> 00:00:43,320 Speaker 3: If it's interesting looking at the consumer confidence survey out 14 00:00:43,320 --> 00:00:46,559 Speaker 3: from AMZI ed Roy Morgan, which highlights that consumer confidence 15 00:00:46,600 --> 00:00:50,480 Speaker 3: still a bit subdued, but actually that future expectations, future conditions, 16 00:00:50,720 --> 00:00:53,880 Speaker 3: people are feeling more upbeat here and now still quite challenging. 17 00:00:53,920 --> 00:00:55,800 Speaker 3: So you're right. Next year I think will be better 18 00:00:56,000 --> 00:00:58,720 Speaker 3: quite simply because people's mortgages are coming down like that. 19 00:00:59,000 --> 00:01:01,840 Speaker 3: We've seen that a few monetary policy did very well 20 00:01:01,880 --> 00:01:04,720 Speaker 3: to curb economic activity when they were high. Now they're 21 00:01:04,760 --> 00:01:06,640 Speaker 3: coming down. It will give people a bit more money, 22 00:01:06,680 --> 00:01:08,520 Speaker 3: so I think as we go through next year, it 23 00:01:08,560 --> 00:01:11,160 Speaker 3: won't hit the first of January. Everything is all that 24 00:01:11,360 --> 00:01:13,800 Speaker 3: quickly better. But that sort of talk around, you know, 25 00:01:13,880 --> 00:01:15,840 Speaker 3: green shoots, and I've been talking about it quite a lot. 26 00:01:15,959 --> 00:01:17,920 Speaker 3: I feel like the sunflower comes out a bit more 27 00:01:17,959 --> 00:01:20,880 Speaker 3: around midyear, if you will, because that's when the spending 28 00:01:20,920 --> 00:01:23,600 Speaker 3: will come through. And again, I mean, you can't break 29 00:01:23,600 --> 00:01:25,959 Speaker 3: the economy down this simply, but sometimes you have to try. 30 00:01:26,240 --> 00:01:28,760 Speaker 3: Once households are spending a bit more, they will go 31 00:01:28,840 --> 00:01:31,800 Speaker 3: and put that into out into businesses. And similar to 32 00:01:31,840 --> 00:01:34,520 Speaker 3: those businesses, once they have a bit more activity, they've 33 00:01:34,560 --> 00:01:36,240 Speaker 3: got some runs on the board. They need a few 34 00:01:36,280 --> 00:01:38,720 Speaker 3: more people to work through that. That then stimulates a 35 00:01:38,720 --> 00:01:40,959 Speaker 3: bit more employment. The unemployment rate drops a bit, more 36 00:01:40,959 --> 00:01:43,399 Speaker 3: spending happen. So again I think you're right, we're just 37 00:01:43,440 --> 00:01:45,240 Speaker 3: onto a more solid footing next year. 38 00:01:45,520 --> 00:01:48,120 Speaker 1: Investing involves the risk you might lose the money you 39 00:01:48,160 --> 00:01:51,440 Speaker 1: start with. We recommend talking to a licensed financial advisor. 40 00:01:52,160 --> 00:01:56,000 Speaker 3: We also recommend reading product disclosure documents before deciding to invest. 41 00:01:56,280 --> 00:01:58,640 Speaker 3: Everything you're about to see and here is current at 42 00:01:58,680 --> 00:01:59,520 Speaker 3: the time of recording.