revving of pneumatic drills isn't heard much in Auckland right now.

Last year is mentally being one of the toughest years. I've been one in business and two in the

industry. Welcome to Business Daily on the BBC World Service. I'm Alex VanVell in New Zealand as it struggles to shake off recession.

Possibly its biggest challenge is keeping its workforce at home.

Look, it's very painful, and one of my reasons for being in the New Zealand Parliament

is that I want to ensure that young people growing up here can see that their talent

can be used to its full extent and that their ambitions and aspirations can be lived out

in New Zealand. Today we ask, did the new Prime Minister here over promise when he took over

in late 23? It's a bit too much, I think, to expect that a chief executive would be able

to come in and, you know, make a few executive orders to improve the economy. It's not like sending

a memo. And we'll drill into the industry which hurt most last year if you're measuring by

job losses and liquidations. That's all here on Business Daily from the BBC.

Let's go back to October 23. Inflation rampant, interest rates sky high. It was a country with

long COVID. Thank you.

Thank you so much.

And thank you, New Zealand, because from all over your country, this great country, you have reached for hope and you have voted for change.

Enter Christopher Luxon, a former Air New Zealand CEO, he pledged to run the country with business efficiency, lower taxes and economic discipline.

But here's the twist. It isn't a corporation, it's a complex democracy.

And with terms of only three years, the pressure for quick fixes is intense.

And my pledge to you is that our government will deliver for every New Zealander.

Because we will rebuild the economy and deliver tax relief.

We will bring down the cost of living.

...