New Zealand’s “rockstar economy” seems to have become washed up. 

HSBC chief economist Paul Bloxham coined the term in 2014, and in an update last week confirmed that that’s far from the case at present. 

He says that the economy had the largest decline in economic growth in the developed world last year, driven by interest rate increases in response to post-pandemic inflation. 

Bloxham joined Kerre Woodham to dig into the data, and discuss what could be done to improve the economy. 

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