Mike Jones: BNZ Chief Economist on GDP figures released today
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Mike Jones: BNZ Chief Economist on GDP figures released today
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An economist is predicting a gloomier number than the Reserve Bank from the latest GDP figure.
Stats NZ data on GDP for the year's second quarter will be released today.
The Reserve Bank's predicting a 0.3 percent drop.
BNZ Chief Economist Mike Jones is a picking a 0.5 percent fall.
He told Ryan Bridge economic growth is probably going to be slow for a while.
Jones says it will probably be until next year that we see what can be classed as recovery.
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