This video discusses the reasons behind the perceived poor performance of the New Zealand economy. The speaker, Craig Renny, argues that a significant factor is a loss of confidence among investors, businesses, and consumers, largely stemming from the government's messaging and actions in its first year, which created a narrative of economic difficulty. Renny draws on economic theories, specifically the concept of "animal spirits" and the role of confidence, to explain the current economic climate and suggests that a change in economic leadership and narrative is needed to restore confidence and encourage growth.
