Why first quarter GDP figure has surprised commentators

Author
Newstalk ZB,
Publish Date
Thu, 17 Jun 2021, 2:45PM
(Photo / 123RF)
(Photo / 123RF)

Why first quarter GDP figure has surprised commentators

Author
Newstalk ZB,
Publish Date
Thu, 17 Jun 2021, 2:45PM

New Zealand has again avoided a recession.

Broad-based growth in this year's first quarter has driven a 1.6 per cent rise in GDP.

It follows a 1 per cent fall in the December quarter.

The Herald's Liam Dann told Kerre McIvor the first quarter of the year had been expected to be tough.

"It's the peak of the tourist season, the cruise ships are usually in, we're usually having the arrival of a whole wave of international students who didn't turn up."

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