Ryan Bridge: Two signs the economy is turning

Ryan Bridge: Two signs the economy is turning <!--mynz:youtube-chapters--> {"v":1,"chapters":[{"timeSeconds":0,"label":"Economy Showing Signs of Growth","summary":"The economy is showing signs of growth, with manufacturing and services sectors expanding. This is seen as positive news for businesses and the overall economy."},{"timeSeconds":38,"label":"Consumer Spending Lags Behind","summary":"Despite growth in some sectors, consumer spending, particularly discretionary spending, is not keeping pace. This is reflected in the latest numbers from the services sector."},{"timeSeconds":50,"label":"Interest Rate Hikes Impact Confidence","summary":"The Reserve Bank's interest rate hikes are impacting consumer confidence. While rates are technically winding back, they are still high enough to make consumers cautious."},{"timeSeconds":101,"label":"US Consumers More Confident","summary":"In contrast, American consumers are described as far more robust and confident than New Zealanders. They tend to spend like there's no tomorrow."},{"timeSeconds":113,"label":"Innovation and Investment Drive Growth","summary":"The video highlights the importance of innovation, investment, and creating value as drivers of economic success. This is exemplified by companies investing in new technologies and projects."},{"timeSeconds":133,"label":"Belief in Future Success","summary":"The ability to dream big, invent new things, and create value is crucial for economic progress. This positive mindset is seen as a key factor in driving growth."},{"timeSeconds":147,"label":"New Zealand Needs Belief","summary":"The segment concludes by suggesting that New Zealand could learn from the American approach. It implies that a greater belief in future success is needed."}]} <!--/mynz:youtube-chapters-->