What are the GDP figures expected to reveal about our economic recovery?
Follow
the podcast on
Data due out today is expected to show our economy was continuing to recover before the fuel crisis really began to bite.
Stats NZ is releasing GDP figures for the March quarter at 10.45.
It's expected to show the economy grew between 0.7 and 1% between January and March, but it's likely to have contracted again between April and June.
Westpac Senior Economist Michael Gordon told Andrew Dickens normally this is a phase in which we’d be able to get some strong growth, but there are still some headwinds against the economy.
He says we still had interest rate relief over the past few years, but it’s more a case of the Reserve Bank taking its foot off the break, but not stomping on the accelerator to get the economy going again.
LISTEN ABOVE
Take your Radio, Podcasts and Music with you
Get the iHeart App
Get more of the radio, music and podcasts you love with the FREE iHeart app. Scan the QR code to download now.
Download from the app stores
Stream unlimited music, thousands of radio stations and podcasts all in one app. iHeart is easy to use and all FREE
