NZ Economy in a State of Free Fall – Latest GDP Report

Share on facebook
Facebook
Share on google
Google+
Share on twitter
Twitter
Share on linkedin
LinkedIn

Based on Jan-March 2020, GDP figures, which only takes into account 1 week worth of lockdown.

We have been saying for a few months that the Covid-19 situation was never a health crisis, it was always going to be an economic crisis – and what a mess it is already… with just 6 days worth of reporting.

So the question you should be asking is this:

How bad was the economy before covid-19 for it to have dropped by 1.6%… even though, the report only factors in 6 days worth of lock downs in the report?

Meanwhile... in Australia, it seems things are not too bad... or are they!

Is Australia Fudging its GDP Numbers?

It is difficult to stomach that Australia’s GDP only fell by -0.3% while its trade tensions with China have been at an all time high. Something is not quite fitting in, when you consider the entire economic narrative. Then again, if you have seen any of the Honest Government Ads from Juice Media, you will know whether or not Canberra can be trusted with the numbers they produce…

If in doubt, ask Josh…

The Sum Total of a Negative Negative Scenario

As you may have read in our past posts, the economic situation across Australia and New Zealand was very bad even before Covid. Now, add the current situation into the mix and you will quickly realise (hopefully) that the shit is about to hit the fan.

You can continue to sit on the sidelines and watch all this unfold or you can take advantage of the current crisis in the market place and do something to secure your personal financial position.

If you can step away from this notion that “we are trying to sell you something”, and see the current reality for what it is, and take into account, that we’re the only guys that have a program dedicated to this current crisis environment, you’ll (hopefully) realise that its time to make a move.

IF NOT NOW... THEN WHEN?

LIVE WEBINAR

JOIN US FOR A LIVE WEBINAR WHERE YOU WILL GET A FIRST HAND VIEW OF HOW THE CURRENT CRISIS CAN BE USED FOR CREATING UNUSUAL WEALTH THROUGH PROPERTY. SEATS ARE LIMITED.

MULTIPLE SESSION TIMES AVAILABLE.

More Webinars

We have now got all our webinars in one place. Choose the one that’s most relevant for your present circumstances and take action. The worst you could do right now is to do nothing, knowing that there’s an opportunity for you to use the current crisis to your advantage.

Like this Article?
Share on facebook
Share on Facebook
Share on twitter
Share on Twitter
Share on linkedin
Share on Linkdin
Share on pinterest
Share on Pinterest

Leave a comment

Other Recent Posts

Market Madness
Market Watch

Market Madness And The Obvious Signs of Economic Decay

The madness continues as there are no signs of economic improvement on the horizon. Now many of you will read this sentence and immediately say “he doesn’t know what he’s talking about”, because the share market is heading north like there’s an endless supply of rocket fuel and the housing market too is showing no imminent signs of slowing down. That’s all doom and gloom… we’re going well. Recovery is happening.

Read More »
2020 Pivot Strategy
Market Watch

2020 Pivot Strategy It’s Time to Change Direction

Regardless of which industry you extract your earnings from. Regardless of what you do for a living. Regardless of whether you are an active investor or one that’s waiting to become one. Regardless of whether you’re rich or poor. You have to pivot and pivot NOW. I’ll explain why.

Read More »

Exposing the inconvenient truth

Like what you’re reading? Get an inside scoop of the latest, relevant and politically incorrect truth about the market – stuff that’s going to help you understand the facts – in plain English – no central banker jargon, no B.S.

Meaningful, Current, Unbiassed

We update our market watch blog only when there’s something meaningful and essential to talk about. Ours is not a blog that publishes content just for the sake of it. Hence, you can subscribe to our blog updates with confidence that you will only receive an update notification when there’s something worth reading about.