Fact checking Jacinda Ardern on business confidence

In her supposedly “big” speech on business confidence the other day our prime minster said this:

“When you line up business confidence with key economic performance measures over the last two governments there appears to be an inverse relationship between business confidence and the actual performance of the economy,”

Maybe I?m reading these charts from the ANZ Business Confidence Survey in July incorrectly??

When you look at GDP versus confidence ? as you can see there is a very strong correlation and also very strong confidence and GDP under the National party.

Those are key economic indicators and there is not an inverse relationship. There is a direct realtionship.

This is what happens when an idiot reads a speech written by another idiot who thinks that because you say something enough times fantasy will become reality.

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