Nick Tuffley: ASB Chief Economist on GDP numbers released today

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Manage episode 314734639 series 2098285
By NZME and Newstalk ZB. Discovered by Player FM and our community — copyright is owned by the publisher, not Player FM, and audio is streamed directly from their servers. Hit the Subscribe button to track updates in Player FM, or paste the feed URL into other podcast apps.
The GDP number for the third quarter is released today, with most economists predicting a drop of at least 3 percent.
It comes on the back of the big numbers from the half yearly economic and fiscal update.
Almost a $21 billion deficit but a return to surplus in 2023-24, inflation peaking at 5.6% next year, wage growth less at 4.6%, unemployment dropping further still but house prices up 10%.
ASB Chief Economist Nick Tuffley joined Mike Yardley.
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