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Economist predicts 1.1% growth in GDP figure

Author
Newstalk ZB,
Publish Date
Thu, 15 Dec 2022, 7:44am
Photo / Getty Images
Photo / Getty Images

Economist predicts 1.1% growth in GDP figure

Author
Newstalk ZB,
Publish Date
Thu, 15 Dec 2022, 7:44am

Today's GDP figure is expected to show small growth, but some economists are more optimistic than the Reserve Bank.

It predicted 0.8 percent growth, but ANZ Senior Economist Miles Workman is picking a 1.1 percent growth.

He told Tim Dower other data released prior to today's announcement  is why he's changed his tune.

Workman says things like retail spending data and manufacturing surveys are more positive than expected.

New Zealand saw a 1.7 percent growth in the June quarter.

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