Kelly Eckhold: Westpac Chief Economist ahead of today's GDP figures
The Mike Hosking Breakfast · Newstalk ZB
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Show Notes
Today's GDP figures are expected to show the economy weakened in the second quarter of this year.
Analysts are forecasting a contraction between 0.1 and 0.5%.
The first quarter of 2024 showed just 0.2% growth.
Westpac Chief Economist Kelly Eckhold told Mike Hosking June was the weakest month they've seen in a while.
He says they expect it to have gone backwards again in Q3, but it will be a finely balanced thing – they're forecasting minus 0.2.
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