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Michael Gordon: Westpac Senior Economist ahead of the release of the GDP figures for last quarter
Banks are split over what today's GDP figures will show. \xa0
Stats NZ will release the data for the first quarter of the year this morning. \xa0
Westpac, BNZ, and Westpac are picking a small contraction, while ANZ and ASB are picking a small expansion. \xa0
Westpac Senior Economist Michael Gordon told Mike Hosking that everyone's in a similar range, slightly above or slightly below zero. \xa0
He says it's when we've had strong population growth which should provide a baseline of growth, but it seems we're going backwards in per person terms.\xa0
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