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.

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

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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

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

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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

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

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