Speaker 1: You're listening to a Chersias podcast. What are you thinking
Speaker 1: in twenty twenty five? I'll start with you, Giles, is
Speaker 1: going to be a positive for New Zealand.
Speaker 2: I think we're just actually going to be more cheerful.
Speaker 2: I mean we're well, no, no, I mean and that's yeah.
Speaker 3: That's where it starts.
Speaker 2: It's that positivity there, right, a sunny disposition of disposition,
Speaker 2: even if the weather doesn't play ball. But I think
Speaker 2: people you're feeling it already, right, People talk positive, right,
Speaker 2: I mean the number of people I talk to now
Speaker 2: are actually saying it won't be thrive, right, but we've survived,
Speaker 2: right well and good.
Speaker 3: If it's interesting looking at the consumer confidence survey out
Speaker 3: from AMZI ed Roy Morgan, which highlights that consumer confidence
Speaker 3: still a bit subdued, but actually that future expectations, future conditions,
Speaker 3: people are feeling more upbeat here and now still quite challenging.
Speaker 3: So you're right. Next year I think will be better
Speaker 3: quite simply because people's mortgages are coming down like that.
Speaker 3: We've seen that a few monetary policy did very well
Speaker 3: to curb economic activity when they were high. Now they're
Speaker 3: coming down. It will give people a bit more money,
Speaker 3: so I think as we go through next year, it
Speaker 3: won't hit the first of January. Everything is all that
Speaker 3: quickly better. But that sort of talk around, you know,
Speaker 3: green shoots, and I've been talking about it quite a lot.
Speaker 3: I feel like the sunflower comes out a bit more
Speaker 3: around midyear, if you will, because that's when the spending
Speaker 3: will come through. And again, I mean, you can't break
Speaker 3: the economy down this simply, but sometimes you have to try.
Speaker 3: Once households are spending a bit more, they will go
Speaker 3: and put that into out into businesses. And similar to
Speaker 3: those businesses, once they have a bit more activity, they've
Speaker 3: got some runs on the board. They need a few
Speaker 3: more people to work through that. That then stimulates a
Speaker 3: bit more employment. The unemployment rate drops a bit, more
Speaker 3: spending happen. So again I think you're right, we're just
Speaker 3: onto a more solid footing next year.
Speaker 1: Investing involves the risk you might lose the money you
Speaker 1: start with. We recommend talking to a licensed financial advisor.
Speaker 3: We also recommend reading product disclosure documents before deciding to invest.
Speaker 3: Everything you're about to see and here is current at
Speaker 3: the time of recording.