Podcasts Other The Mike Hosking Breakfast Kelly Eckhold: Westpac's Chief Economist on the latest GDP figures for the second quarter of the year

Kelly Eckhold: Westpac's Chief Economist on the latest GDP figures for the second quarter of the year

Published: Sept. 20, 2023, 8:38 p.m.

New Zealand could be back out of recession this morning.\xa0

The latest GDP figures for the second quarter of this year \u2014due out this morning\u2014 are expected to show New Zealand's economy is growing once again.\xa0

Spending on goods remains weak, and the economy isn't growing on a per capita basis.\xa0

But Westpac's Chief Economist, Kelly Eckhold, told Mike Hosking that it\u2019s better to focus on the annual rate of growth, which is forecast to be 1.5% for the year.\xa0

She said that 0.8% growth in this quarter is a bounce back from a very weak first quarter.\xa0

LISTEN ABOVE\xa0

See omnystudio.com/listener for privacy information.