IMF thinks our growth will be the lowest in the world!

Robert MacCulloch writes:

The newly released IMF Regional Economic Outlooks say NZ is projected to be the worst performing economy in the entire world in 2024 in terms of GDP growth, with one exception, Equatorial Guinea, which has been ripped apart by civil war. No other time in our history has NZ been bottom of the planet.

The details? NZ is projected to be in & out of recession at 0.8% GDP growth in 2024. Growth for 34 Asia-Pacific nations is expected to be way higher, averaging 4.4% (see links below). The IMF Outlook for Western Hemisphere has figures for North & South America. NZ is bottom out of those 36 sovereign nations. (Puerto Rico is the only place worse, but it’s a territory). The figures for 45 nations in Western & Eastern Europe again rank NZ bottom, with Italy.

This may be Labour’s legacy – growth alongside Equatorial Guinea!