Follow the podcast on
New Zealand's gross domestic product isn't expected to have grown in the last quarter. Â
ASB is predicting a 0.2 percentage point drop, ANZ expects 0.1 percentage point growth, and the Reserve Bank's forecast a flat zero percent. Â
If the economic growth figures are negative, New Zealand will enter a technical recession given the last quarter's figure was also negative.Â
Infometrics principal economist Brad Olsen told Mike Hosking they're predicting minus 0.2. Â
He says given there's been the strongest population growth since 1946 at 2.8%, GDP at either side of zero is pretty sad.Â
LISTEN ABOVEÂ
Take your Radio, Podcasts and Music with you