1 00:00:00,200 --> 00:00:02,080 Speaker 1: Very so for senior political correspondence with US. 2 00:00:02,120 --> 00:00:03,480 Speaker 2: Hello, Barry, Good afternoon, Heather. 3 00:00:03,560 --> 00:00:07,960 Speaker 1: So has Nikola Will has been asked about the GDP No, well. 4 00:00:07,800 --> 00:00:11,520 Speaker 2: She was asked about it in parliament. Was the indication 5 00:00:11,800 --> 00:00:14,520 Speaker 2: was that the economy is not doing what it should be. 6 00:00:14,480 --> 00:00:16,000 Speaker 1: Doing because the numbers coming out tomorrow. 7 00:00:16,200 --> 00:00:19,840 Speaker 2: The GDP number is coming out tomorrow, but it covers 8 00:00:20,680 --> 00:00:24,120 Speaker 2: April to June, so it's well out. It's way back. 9 00:00:24,800 --> 00:00:28,600 Speaker 2: You've got to say, economists anticipate a contraction on the 10 00:00:28,640 --> 00:00:32,920 Speaker 2: economy forecasts for between zero point three and zero point 11 00:00:32,960 --> 00:00:36,560 Speaker 2: five percent. It should be remembered though that that followed 12 00:00:36,560 --> 00:00:38,760 Speaker 2: a zero point eight percent at the beginning of the year, 13 00:00:38,880 --> 00:00:43,240 Speaker 2: so we started off quite positively and then started going downhill. 14 00:00:43,280 --> 00:00:45,160 Speaker 2: And this one is not going to be good news. 15 00:00:45,720 --> 00:00:47,720 Speaker 2: And you'd have to say the Finance minister was it 16 00:00:47,880 --> 00:00:51,320 Speaker 2: pained to emphasize that tomorrow's number is not going to 17 00:00:51,320 --> 00:00:54,080 Speaker 2: be a good one. Nikola Will have told Parliament this afternoon. 18 00:00:54,160 --> 00:00:57,080 Speaker 2: It's important to put the figure into some sort of 19 00:00:57,120 --> 00:00:57,960 Speaker 2: perspective though. 20 00:00:58,360 --> 00:01:01,600 Speaker 3: This is a good example of award looking data. The 21 00:01:01,680 --> 00:01:05,399 Speaker 3: second quarter started on the first of April, before the 22 00:01:05,440 --> 00:01:10,480 Speaker 3: Liberation Day tariff announcements, the biggest hit to trade openness 23 00:01:10,520 --> 00:01:13,880 Speaker 3: since the nineteen thirties. And we are now only a 24 00:01:13,920 --> 00:01:17,600 Speaker 3: couple of weeks away from the fourth quarter. Peering in 25 00:01:17,640 --> 00:01:21,679 Speaker 3: the rear view mirror. Forecasters are picking a negative number 26 00:01:21,840 --> 00:01:25,520 Speaker 3: for growth in Q two, somewhere between negative zero points 27 00:01:25,560 --> 00:01:28,720 Speaker 3: three percent to negative zero point five percent. 28 00:01:29,280 --> 00:01:33,039 Speaker 2: So not going to be good. She's certainly softening the blow, 29 00:01:33,080 --> 00:01:36,120 Speaker 2: there's no doubt about that. But she did say that 30 00:01:36,160 --> 00:01:39,200 Speaker 2: she believes now the quarter we're in at the moment 31 00:01:39,280 --> 00:01:43,360 Speaker 2: will be plus zero point five percent with the final 32 00:01:43,440 --> 00:01:46,920 Speaker 2: quarter this year. So she said this publicly just under 33 00:01:46,959 --> 00:01:50,200 Speaker 2: one percent. So one can only hope the economy is 34 00:01:50,240 --> 00:01:52,600 Speaker 2: turning the corner. And we see the trade deficit today 35 00:01:53,400 --> 00:01:56,320 Speaker 2: was quite minimal compared to what it has been. 36 00:01:56,440 --> 00:01:56,560 Speaker 3: YEA. 37 00:01:56,840 --> 00:01:59,320 Speaker 1: Well, she's obviously feeling sensitive about it because those that 38 00:01:59,360 --> 00:02:02,480 Speaker 1: poll that came yesterday, yep, was that you know, she 39 00:02:02,720 --> 00:02:04,920 Speaker 1: and the current government at copying the blame. 40 00:02:04,640 --> 00:02:06,040 Speaker 2: For this, They are copying the blame. 41 00:02:06,520 --> 00:02:08,240 Speaker 1: FARS vote is a concerned all right. 42 00:02:08,400 --> 00:02:10,880 Speaker 4: So Shane Jones has been elected to a position that 43 00:02:11,000 --> 00:02:13,359 Speaker 4: probably all of us assumed he had anyway. 44 00:02:14,360 --> 00:02:17,440 Speaker 2: Yeah, I don't think we've even thought about a deputy 45 00:02:17,520 --> 00:02:20,920 Speaker 2: Leader of New Zealand. First, I mean it's nominated so 46 00:02:21,080 --> 00:02:22,760 Speaker 2: much by Winston Peter. 47 00:02:22,720 --> 00:02:28,160 Speaker 1: Doesn't Ron Mark the deputy once, Yes, he was although. 48 00:02:29,080 --> 00:02:32,160 Speaker 2: Wanted deputy, although I remember he wanted to be leader, 49 00:02:32,200 --> 00:02:35,400 Speaker 2: that's right. I think he was deputy. Fletcher Tabatao he 50 00:02:35,560 --> 00:02:39,680 Speaker 2: was deputy between seventeen and twenty Yeah, when they first 51 00:02:39,680 --> 00:02:44,560 Speaker 2: went into coalition with the Labor Party. So it's an 52 00:02:44,560 --> 00:02:47,919 Speaker 2: interesting one and I think what it does is it 53 00:02:47,960 --> 00:02:52,080 Speaker 2: could signal two things. One to Stuart Nash, who's clearly 54 00:02:52,120 --> 00:02:56,600 Speaker 2: wanted to enter the New Zealand first fray and will 55 00:02:56,639 --> 00:03:01,280 Speaker 2: no doubt be nominated as a candidate somewhere along the track. 56 00:03:01,320 --> 00:03:02,959 Speaker 1: Well, it's telling him Shane still. 57 00:03:03,400 --> 00:03:06,120 Speaker 2: Right, Yeah, that's right. The other thing it could indicate 58 00:03:06,320 --> 00:03:10,840 Speaker 2: is that Winston Peters is considering his own retirement, although 59 00:03:11,200 --> 00:03:13,560 Speaker 2: I wouldn't put any money on that at all. I 60 00:03:13,560 --> 00:03:16,840 Speaker 2: mean he might be eighty, but as an octagenarian Winston 61 00:03:16,919 --> 00:03:20,480 Speaker 2: performs still pretty well. He's a good foreign Minister and 62 00:03:20,560 --> 00:03:23,240 Speaker 2: I think he quite likes the job and he will want, 63 00:03:23,400 --> 00:03:26,400 Speaker 2: I think, probably to run again next year of his 64 00:03:26,480 --> 00:03:29,960 Speaker 2: healthholds up, and it looks as though it's holding. 65 00:03:29,760 --> 00:03:32,040 Speaker 1: Up for that question, not why if he was prepared 66 00:03:32,040 --> 00:03:34,960 Speaker 1: to hand it out to others beforehand, like Fletcher and Ron. 67 00:03:35,000 --> 00:03:37,520 Speaker 1: Why he makes Shane work so bloody hard for it? 68 00:03:37,600 --> 00:03:41,280 Speaker 1: Does he? Because they've been deputyless this entire term. 69 00:03:41,360 --> 00:03:45,160 Speaker 2: Well noted though that that's the thing. And look, Shane 70 00:03:45,280 --> 00:03:47,520 Speaker 2: Jones is a performer. I think he's one of the 71 00:03:47,560 --> 00:03:51,240 Speaker 2: better performers in Parliament. He hits the nail on the head. 72 00:03:51,560 --> 00:03:55,800 Speaker 2: He might get up the back of many, but he's 73 00:03:55,840 --> 00:03:58,400 Speaker 2: a very good orator and I think is a very 74 00:03:58,400 --> 00:04:01,160 Speaker 2: colorful member of New Zealand first and they could do 75 00:04:01,320 --> 00:04:04,880 Speaker 2: worse in appointing him as the leader after Winston finally 76 00:04:04,880 --> 00:04:05,480 Speaker 2: calls it quit. 77 00:04:05,560 --> 00:04:07,920 Speaker 4: So has National got in trouble for making the announcements 78 00:04:08,240 --> 00:04:08,880 Speaker 4: of announcers? 79 00:04:08,960 --> 00:04:11,560 Speaker 1: Oh well they are want to do well. 80 00:04:11,600 --> 00:04:14,880 Speaker 2: This gave me a fit of dejacquesvous, I've got to say, though, 81 00:04:15,120 --> 00:04:17,440 Speaker 2: it was a case of the pot calling the kettle black. 82 00:04:17,960 --> 00:04:22,599 Speaker 2: When Chris Hopkins went after the government for making announcements 83 00:04:22,680 --> 00:04:26,080 Speaker 2: of an announcement. Labor made an art form of that. 84 00:04:26,160 --> 00:04:29,200 Speaker 2: You'll remember when it was in government in its own right, 85 00:04:29,240 --> 00:04:32,440 Speaker 2: and we were constantly talking about it on this program. 86 00:04:32,520 --> 00:04:35,880 Speaker 2: Still trippy seems to have a short memory, because he 87 00:04:36,000 --> 00:04:39,000 Speaker 2: was pointing the finger at Chris Luxen for doing exactly 88 00:04:39,040 --> 00:04:39,800 Speaker 2: the same thing here. 89 00:04:39,839 --> 00:04:44,080 Speaker 4: He is he's more interested in announcements than actually funding 90 00:04:44,160 --> 00:04:46,960 Speaker 4: and delivering the infrastructure that New Zeala needs. 91 00:04:47,120 --> 00:04:52,480 Speaker 1: A crocodile tears. Crocodile tears were trying to gaslight the 92 00:04:52,600 --> 00:04:54,080 Speaker 1: nation here. Let's just be clear. 93 00:04:54,200 --> 00:04:55,320 Speaker 2: You crashed the joint. 94 00:04:55,680 --> 00:04:57,120 Speaker 1: You didn't deliver anything. 95 00:04:57,200 --> 00:05:00,760 Speaker 5: It's incredibly disappointing after six years, three years with an 96 00:05:00,760 --> 00:05:02,960 Speaker 5: absoute jot, you did so very very little. 97 00:05:03,200 --> 00:05:03,880 Speaker 3: South Entry. 98 00:05:04,440 --> 00:05:08,560 Speaker 5: David Seawall, is the government committed to construction projects that 99 00:05:08,640 --> 00:05:13,240 Speaker 5: are actually constructed or is there any circumstance where it 100 00:05:13,279 --> 00:05:17,039 Speaker 5: would ever content itself with announcing bike bridges and light 101 00:05:17,160 --> 00:05:19,880 Speaker 5: rail that doesn't get built for years and years and years. 102 00:05:20,200 --> 00:05:22,919 Speaker 1: We have real projects, not phantom projects. 103 00:05:23,920 --> 00:05:27,240 Speaker 2: I'll tell you that baby boomers bike bridge to Birkenhead. 104 00:05:27,680 --> 00:05:30,680 Speaker 2: We will never forget that. I mean, I think they 105 00:05:30,760 --> 00:05:34,000 Speaker 2: spent what fifty million dollars on that, and we're still 106 00:05:34,040 --> 00:05:35,800 Speaker 2: waiting on the bike bridge to burken here. 107 00:05:36,360 --> 00:05:38,160 Speaker 1: I think we're still waiting for an idea quite as 108 00:05:38,160 --> 00:05:38,880 Speaker 1: stupid as that. 109 00:05:38,960 --> 00:05:42,400 Speaker 4: Thank you, Barry exactly appreciate it. Barry Soper, Senior political correspondent. 110 00:05:42,920 --> 00:05:46,120 Speaker 4: For more from Heather Duplessy Allen Drive, listen live to 111 00:05:46,200 --> 00:05:49,239 Speaker 4: news talks. It'd be from four pm weekdays, or follow 112 00:05:49,279 --> 00:05:51,040 Speaker 4: the podcast on iHeartRadio