Andrew Dickens Afternoons

Andrew Dickens: We are talking ourselves into hard times

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Synopsis

So last week, my opening comments centred on how opposition MPs and anti-government commentators have been fear mongering about the state of the economy. When it was published online it became one of our most commented on pieces of the day with over 500 people expressing what they thought. Many called me a Labour party apologist. A lot asked why I was praising Labour's management of the economy. Problem is; I wasn't.  Nowhere did I say Labour was doing a good job. In fact I'm on record as saying the Government and the Reserve Bank have not handled the reality of the economic situation appropriately. But, I'm also pointing out how many are exaggerating the possibility of economic gloom and doom for political effect. And the more it's said the more chances it has of becoming real. Last week a number of economists from home and abroad came out and said they don't believe New Zealand will fall into recession. But on Friday, retail figures came out with a 2.6 percent fall. The headline was "Fears of a recession as