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

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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?

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