You're listening to a Chersias podcast. What are you thinking in twenty twenty five? I'll start with you, Giles, is going to be a positive for New Zealand.
I think we're just actually going to be more cheerful. I mean we're well, no, no, I mean and that's yeah.
That's where it starts.
It's that positivity there, right, a sunny disposition of disposition, even if the weather doesn't play ball. But I think people you're feeling it already, right, People talk positive, right, I mean the number of people I talk to now are actually saying it won't be thrive, right, but we've survived, right well and good.
If it's interesting looking at the consumer confidence survey out from AMZI ed Roy Morgan, which highlights that consumer confidence still a bit subdued, but actually that future expectations, future conditions, people are feeling more upbeat here and now still quite challenging. So you're right. Next year I think will be better quite simply because people's mortgages are coming down like that. We've seen that a few monetary policy did very well
to curb economic activity when they were high. Now they're coming down. It will give people a bit more money, so I think as we go through next year, it won't hit the first of January. Everything is all that quickly better. But that sort of talk around, you know, green shoots, and I've been talking about it quite a lot. I feel like the sunflower comes out a bit more around midyear, if you will, because that's when the spending
will come through. And again, I mean, you can't break the economy down this simply, but sometimes you have to try. Once households are spending a bit more, they will go and put that into out into businesses. And similar to those businesses, once they have a bit more activity, they've got some runs on the board. They need a few more people to work through that. That then stimulates a bit more employment. The unemployment rate drops a bit, more
spending happen. So again I think you're right, we're just onto a more solid footing next year.
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