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"Off the bottom of the chart": GDP contraction significantly worse than expected

Author
Newstalk ZB,
Publish Date
Thu, 18 Sept 2025, 11:57am
Photo / File
Photo / File

"Off the bottom of the chart": GDP contraction significantly worse than expected

Author
Newstalk ZB,
Publish Date
Thu, 18 Sept 2025, 11:57am

Our economy's been shrinking much faster than economists thought. 

Latest data just out from Stats NZ shows GDP fell 0.9% in the three months to June. 

That follows six months of growth, after six months of contraction. 

Infometrics Chief Forecaster Gareth Kiernan told Kerre Woodham it's far worse than any economists were expecting. 

He says this number is completely "off the charts", as far as they're concerned. 

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