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ASB Economist predicts minor rise in GDP figures

Author
Newstalk ZB,
Publish Date
Thu, 14 Dec 2023, 9:44am
 Photo / Getty Images
Photo / Getty Images

ASB Economist predicts minor rise in GDP figures

Author
Newstalk ZB,
Publish Date
Thu, 14 Dec 2023, 9:44am

New Zealand's GDP is predicted to see a minor pre-Christmas bump. 

Stats NZ will release the September quarter figures later this morning.  

Gross Domestic Product rose 0.9% in the June quarter.  

ASB Chief Economist, Nick Tuffley, told Tim Dower that he's forecasting a 0.2% increase, as recent indicators point to flat growth. 

He says while the economy's expanding, it still feels like a recession for a lot of people. 

Tuffley says generally GDP has been edging backwards for the last year, so it's challenging. 

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