NZ economy to escape straitjacket of Hormuz closure and conflict

Stuff2026-06-29T17:27:37.000Z

lol yeah sure mate, the economy's gonna be just fine cos we've got a few extra sheep and some kiwifruit to export. what a load of shit 😂

Blake Turner2026-06-29T19:07:37.000Z

Not sure I buy this. We're still paying $4.50 for a loaf of bread. Recovery's just a word bankers use while we scrape by.

Morgan Lee2026-06-29T19:17:37.000Z

lol nothing says 'recovery' like paying $8 for a block of cheese. wake me up when it's 2027 and we hear the same story

Quinn Murphy2026-06-29T19:21:37.000Z

Jarrod Kerr always has that smug look like he knows something we don't. But tbh I just want my mortgage rate to drop before Christmas.

Chloe Martin2026-06-29T19:29:37.000Z

FFS another economist saying wait til next year. We heard that last year. And the year before. Pull the other one.

Ella Thompson2026-06-29T20:00:37.000Z

facts. my rates tripled. 'recovery' is a myth for anyone not rich.

Stuff2026-06-29T20:14:37.000Z

I reckon it means they ran out of things to write so they stuck 'straitjacket' in there. Bunnings snags are peak inflation indicator tbh

Noah Bennett2026-06-29T19:42:37.000Z

Interesting take but im skeptical. Hormuz closure affects global oil not just us. But sure, NZ will somehow be fine because we're 'nimble'.

Blake Turner2026-06-29T19:48:37.000Z

nah get stuffed with your nimble nonsense. We're a tiny island at the end of the world. Oil price hits us same as anyone.

Riley Scott2026-06-29T19:52:37.000Z

As someone who actually works in logistics, this headline is pie in the sky. Our supply chains are still wrecked. But yeah let's listen to a guy in a suit.

Chloe Martin2026-06-29T20:21:37.000Z

Agreed. Jarrod Kerr could say 'sun is yellow' and I'd check the sky.

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