WEBVTT - Quick Bite: Good news for NZ next year?

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<v Speaker 1>You're listening to a Chersias podcast. What are you thinking

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<v Speaker 1>in twenty twenty five? I'll start with you, Giles, is

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<v Speaker 1>going to be a positive for New Zealand.

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<v Speaker 2>I think we're just actually going to be more cheerful.

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<v Speaker 2>I mean we're well, no, no, I mean and that's yeah.

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<v Speaker 3>That's where it starts.

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<v Speaker 2>It's that positivity there, right, a sunny disposition of disposition,

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<v Speaker 2>even if the weather doesn't play ball. But I think

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<v Speaker 2>people you're feeling it already, right, People talk positive, right,

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<v Speaker 2>I mean the number of people I talk to now

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<v Speaker 2>are actually saying it won't be thrive, right, but we've survived,

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<v Speaker 2>right well and good.

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<v Speaker 3>If it's interesting looking at the consumer confidence survey out

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<v Speaker 3>from AMZI ed Roy Morgan, which highlights that consumer confidence

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<v Speaker 3>still a bit subdued, but actually that future expectations, future conditions,

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<v Speaker 3>people are feeling more upbeat here and now still quite challenging.

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<v Speaker 3>So you're right. Next year I think will be better

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<v Speaker 3>quite simply because people's mortgages are coming down like that.

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<v Speaker 3>We've seen that a few monetary policy did very well

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<v Speaker 3>to curb economic activity when they were high. Now they're

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<v Speaker 3>coming down. It will give people a bit more money,

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<v Speaker 3>so I think as we go through next year, it

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<v Speaker 3>won't hit the first of January. Everything is all that

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<v Speaker 3>quickly better. But that sort of talk around, you know,

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<v Speaker 3>green shoots, and I've been talking about it quite a lot.

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<v Speaker 3>I feel like the sunflower comes out a bit more

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<v Speaker 3>around midyear, if you will, because that's when the spending

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<v Speaker 3>will come through. And again, I mean, you can't break

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<v Speaker 3>the economy down this simply, but sometimes you have to try.

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<v Speaker 3>Once households are spending a bit more, they will go

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<v Speaker 3>and put that into out into businesses. And similar to

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<v Speaker 3>those businesses, once they have a bit more activity, they've

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<v Speaker 3>got some runs on the board. They need a few

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<v Speaker 3>more people to work through that. That then stimulates a

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<v Speaker 3>bit more employment. The unemployment rate drops a bit, more

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<v Speaker 3>spending happen. So again I think you're right, we're just

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<v Speaker 3>onto a more solid footing next year.

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<v Speaker 1>Investing involves the risk you might lose the money you

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<v Speaker 1>start with. We recommend talking to a licensed financial advisor.

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<v Speaker 3>We also recommend reading product disclosure documents before deciding to invest.

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<v Speaker 3>Everything you're about to see and here is current at

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<v Speaker 3>the time of recording.