New Zealand’s post-Covid economic downturn has left wage growth near the lowest globally, with the country ranking 25th out of 43 for per capita GDP growth over the past decade and 37th in the past two years.
Economists speaking to state-funded legacy media blame both short-term cycle effects—such as weaker labour demand after 2022’s overheated market—and long-standing structural issues, particularly poor productivity.
Infometrics’ Gareth Kiernan said New Zealand is still paying the price for pandemic-era borrowing and spending, while BNZ’s Mike Jones highlighted slowing wage growth compared with peers like the US, Australia and the UK.
Westpac’s Kelly Eckhold noted that although New Zealand is slightly ahead in easing its cycle, productivity and competitiveness challenges remain entrenched, leaving the country vulnerable to weaker growth compared with economies like the US, where tech innovation and labour flexibility have boosted resilience.
Image credit: Emil Kalibradov
Milking the cows a bit too hard, ay?
…BY ZIONIST / GLOBALIST BANKSTER DESIGN ASSISTED BY PALANTIR AND BLACKROCK!!!
So shutting down a country for two years has consequences. Who’dda guessed?
As the G7 nations slide into recession
https://avia-pro.net/news/ssha-gotovy-usilit-sankcii-protiv-rossii-no-zhdut-podderzhki-evropy
The UK EU is still buying Russian oil and gas through proxy India
India refuses to stop buying this oil in cowering to the US
What happens if these supplies are completely cut off?
Is the US trying to deliberately destroy the UK EU economies and make them dependent on the US for energy at higher prices?
If the EU and UK were to fully stop buying Russian oil and gas indirectly via India, it would trigger a cascade of geopolitical, economic, and energy market shifts
India’s Refining Boom Would Slow
Indian refineries like Reliance’s Jamnagar and Vadinar have been processing discounted Russian crude and exporting diesel, jet fuel, and kerosene to Europe
A ban would cut off a lucrative export channel and reduce refinery margins.
Russia’s Revenue Would Take a Hit
Russia earns billions from selling crude to India, which then sells refined products to Europe
Cutting this route would tighten sanctions and reduce Russia’s war chest
Europe Faces Supply Tightness
EU buyers have been stockpiling Indian-refined fuels ahead of a 2026 ban
If they cut off this supply early, they’d need to scramble for alternatives—likely from the Middle East or the US—at higher prices
Tracing Crude Origins Is Tricky
Indian refineries blend Russian and non-Russian crude, making it nearly impossible to verify the origin of refined products. Enforcement would require new tracking mechanisms or stricter import certifications
Loophole Pressure
The so-called “refining loophole” has allowed Russian oil to re-enter Europe legally via third countries
Closing it would signal a more aggressive sanctions posture but could also strain diplomatic ties with India
India May Pivot to Other Markets
If Europe shuts its doors, India could redirect exports to Africa, Southeast Asia, or Latin America
It might also deepen energy ties with China or Russia directly
Global Prices Could Rise
Reduced supply from India to Europe could tighten global diesel and jet fuel markets, especially during refinery maintenance cycles or seasonal demand spikes
Political Tensions Could Escalate
India has already faced criticism for “profiteering” off Russian crude
A hard EU/UK stance might provoke retaliatory trade measures or diplomatic friction
This is just beginning
A lot of moving parts here
Hence the US doing its gunboat diplomacy thing around Venezuela.
Good point
Fits in
Ardern et al. Is the White Elephant – killed SME. Illegally broke them like dry sticks being cracked in Giant hands. Luxflake et al. Keep jumping on said broken sticks on behest of their globalists masters.
We are run by parasites people
This is a small, isolated country, so competent, careful management, is essential. Instead, we have the kind of political cowboyism we see in Australia and the US, which both have more resilience to this kind of ineptitude and recklessness. Neo liberalism was never a good role model for New Zealand but here we are, “screwed” with skilled people who are multi generational, leaving. You can be sure the statistical Johnny come lately’s, wont stick around either.
Skilled people are devalued by the endless bureaucratic hoops thrown at them from all directions; also they are devalued by the denigration of older people who have learned to save, recycle and make do, whilst being labelled as ‘boomers’ as though everyone of a certain age has their head in the investment trough, which is certainly untrue.
NZ was at the lowest global wage GDP growth when I left 35 years ago whats changed ?
Half of the people are the problem most are on drugs they only vote National or Labour grow some brains NZ get away from these parasites vote in someone that is for the people for gods sake.