Brad Olsen: Infometrics Principal Economist on the predictions for last quarter's GDP
The Mike Hosking Breakfast · Newstalk ZB
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Show Notes
New Zealand's gross domestic product isn't expected to have grown in the last quarter.
ASB is predicting a 0.2 percentage point drop, ANZ expects 0.1 percentage point growth, and the Reserve Bank's forecast a flat zero percent.
If the economic growth figures are negative, New Zealand will enter a technical recession given the last quarter's figure was also negative.
Infometrics principal economist Brad Olsen told Mike Hosking they're predicting minus 0.2.
He says given there's been the strongest population growth since 1946 at 2.8%, GDP at either side of zero is pretty sad.
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