Live now
Start time
Playing for
End time
Listen live
Up next
Listen live on

Roman Travers: How NZ sits on the global financial stage

Roman Travers,
Publish Date
Fri, 10 Nov 2023, 7:33am
(Photo / Getty)
(Photo / Getty)

Roman Travers: How NZ sits on the global financial stage

Roman Travers,
Publish Date
Fri, 10 Nov 2023, 7:33am

It's been 27 days since New Zealand general election. 

27 days of relative peace, calm, and tranquillity, even though our GDP resembles a 737; out of gas and plummeting to earth at less than 1% growth. 

Isn't it luxurious to live in a country where perhaps our biggest problem is wondering if the pre-election promises will be fulfilled to turn everything around? 

Talks between the three political parties continue as we wait to see who gets what and undoubtedly the compromises that'll be made. 

Forming a coalition with friends and foe can't be all beer and skittles. Given what was said prior to the election, some almost certainly will reluctantly capitulate on their promises, having their arms shoved up their backs or biting their tongues. 

To get a coalition government formed and working at the mammoth job of turning around our floundering economy, will only be hindered by the demonstrable egos at the table. 

When asked yesterday if there was a deadline for the coalition talks to conclude, Winston Peters told us that speed is of the essence. There's a refreshing change from someone who's been at times, the personification of a handbrake. 

It's gutting to know that our gross domestic product is currently at less than 0.1%, when so many of us are doing everything we can to ensure that work gets done. 

We are now working the second longest hours within the OECD nations. So much for a work life balance. 

Our proud reputation of being a leader in so many measurable economic facets, is now something muttered about with a sense of shame, as people try to change the topic, looking for a positive distraction. 

We're now looking at a ranking of 159th in the world according to the international monetary fund. 

That's not a number anyone wants to have when trying to sell New Zealand to the world. 

But what've we got left to sell? Which primary sector is still unique to New Zealand? What aspect of our primary produce have we not taught other countries to grow and manufacture as well - if not better than us? 

Is the future of our economy to simply provide highly skilled labour to international markets who will always outbid those same employers in New Zealand? 

In fairness to the three political parties working hard to come to consensus, it didn't help that so many people rocked up to the polling booth on election day looking to enrol and to vote. The whole process has been slowed down by a large chunk of apathy. 

Here's hoping that next week we have something solid to talk about. 

Here's hoping that when the clock starts ticking on that first 100 days with so many promises made, we get to see those promises put into positive action. 

Take your Radio, Podcasts and Music with you