Progressive political parties improve prosperity
Economic consequences show that as Austin reported, reformist governments manage the existing global conditions much better than conservatives.
Number of New Zealands looking for paid jobs rising At the end of 2022, 96,000 in March of this year to 156,000.
This and many other negative economic consequences of recently are the opposite experience of the Australians opposite Tasman. So why are these numbers?
A possible explanation is the change of the government from the progressive business administration for five years in 2023. Jacinda ARDERDER And then for almost a year Chris Hipkins to a conservative national party government leadership Christopher Luxon.
We can test this hypothesis by examining several comparable economies. Like Petri dishes in a sterile Swiss laboratory, these five countries allow us to observe the transformation of internal economic cultures over time.
New Zealand from left to right in 2023
Since the last Federal elections, the unemployed rate of New Zealand has increased from 3.6% to 5.1% in the mid -2013. See the table below.
New Zealand’s NX50 stock market index On Friday, it was closed in 12,853, more than last year’s levels of over 13,000. Retail sales fell for eight of the last ten quarter per year. For the last two quarters of 2024, consumer expenditures, in the first quarter of 2022, see the table below.
Most New Zealand’s turning point for the indicator was actually before the 2023 government change. The unemployment rate began to grow secretly in 2022, but Labor’s time was far below the historical averages.
Therefore, we cannot claim that the changing policies of the citizens are the only reason for all these decline. However, we can claim that the new regime has not arrested the deterioration.
The best economy in the world is developing
At the beginning of this month, we saw that Denmark has the best economy in the world, which is independent. AUstrala Economic Management Ranking (IARem).
Since the 2019 elections changed the conservative one Veil Management for progressive Social democrat Leading government Mette FrederiksenDenmark’s economy exploded in almost all areas.
In 2018, Denmark ranked 38th with negative growth and low -reserve per person in Gross Domestic Product (GDP), but since then. From the 11th of 2020, he took the eighth in 2022, fifth in 2023, second last year and second this year. This is almost definitely the most spectacular rise in meAREM’s 11 -year history.
After a decline during Covid, the export reformer increased under the policies of the Frederiiksen administration. See the table below.
Other significantly improved results include employment, feeExcess of budget, government Debt to GDP and the consumer spending. See the table below.
From Finland to the conservative from the centrist
Finland economy has been struggling for four years JUHA SipiläThe Central Party administration later healed significantly under the reformist policies of the coalition on the left. Sanna Marin.
Strong consequences From 2019 to 2023, under the management of Prime Minister, Marin was recorded in business, wages, budget deficits and consumer expenditures despite the 2020 Covid Stagnation. See the table below.
Considering the visible success of Marin’s progressive coalition, it is a surprise for many people, Finns, Petter orpo In June 2023.
Many of them regretted GDP growth, unemployment, state debt and the worsened consequences spending. See the table below.
The uncertain future of Italy
Georgia Meloni He now managed Italy’s right -wing coalition state Two years nine months. If he has survived for three years, he will be the Italian Prime Minister who has been going on for the longest for the last 18.
Management seems to have benefited from the continuation of the gradual economy to get better from him Global financial crisis Exports rising, consumer expenditures are stable and unemployment gradually decreasing. See the table below.
However, the last six months saw that the total unemployed ratio secretly entered, that youth unemployment increased above 20% and GDP growth was close to zero.
If these negative tendencies are accelerated, Italy will confirm the observation of right -wing policies that give worse results than leftist policies. But only. We will see soon.
Australia to Power to Power
Australia’s A. exhibition is one of the economies transformed by progressive policies.
Almost every variable rolled from 2013 to 2022 for nine years of the conservative coalition. Since then, progress has been impressive.
Australia inflation The ratio is below 3.0% and unemployed A rate of 4.5% for a ten -month record. Fees have increased faster than prices for 18 months. See the table below.
New records continue to be notched exportCorporate profits, housing starts, structure output, taxes Collected, reserve per capita, poverty reduction, debt reduction and consumer expenditures.
Retail sales In the March quarter of this year, it reached the highest level of all time as both the dollar and the GDP percentage. See the table below.
Economics swinging elsewhere
Recent changes in the USA, England, Germany and other places are likely to provide equally interesting economic changes. For now, it’s too early to tell.
Enough to say this Donald TrumpThe first six months, the US economy US dollarsa fluctuation bankruptcyPrepared increases in the monthly budget deficits and federal debt Last Friday exploded more than half trillion dollars for $ 36.7 trillion ($ 55.9 trillion).
There is a real possibility that the title of the worst four -year economic bad administration period in the developed world in modern history can switch from Australia to Donald Trump from Scott Morrison to Donald Trump.
https://www.youtube.com/watch?v=qb4ovylzpcm
Alan Austin is an independent Australian columnist and free journalist. You can follow him on Twitter @Alanaustin001.
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