Trouble Ahead as Nicola Willis Fails to ‘Go for Growth’

GDP has fallen 0.9% this quarter. Responding to today’s release of the shocking Q2 2025 GDP figures, Taxpayers’ Union Spokesman James Ross said:

“The economy is shrinking fast, and it is expected to do so again next quarter. These numbers confirm what Kiwis have known for months, which is that Nicola Willis is failing to deliver the economic growth her Government was elected for.”

“On Monday, NZIER forecast economic growth for the year to March 2026 would be just 1.5 percent. That’s less than half the 3.2 percent Treasury forecast for the year to June 2026, produced as recently as May’s Budget.”

“Let’s call the Government’s projections what they are: wishful thinking. But a hope and a prayer won’t keep factories open, offices full, and services funded.”

“Paltry growth means tax revenues will continue to fall below expectations. Any hopes of balancing the books will keep slipping further away, unless this Government kicks its wasteful spending habits.”

“The ball is in Nicola Willis’ court. It has been for nearly two years now.”