ASB Chief Economist on GDP numbers released today

Author
Newstalk ZB,
Publish Date
Thu, 16 Dec 2021, 8:45AM
(Photo / File)
(Photo / File)

ASB Chief Economist on GDP numbers released today

Author
Newstalk ZB,
Publish Date
Thu, 16 Dec 2021, 8:45AM

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. 

LISTEN ABOVE