Gareth Kiernan: Infometrics Chief Forecaster on the GDP falling by 0.9% in the June quarter
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Gareth Kiernan: Infometrics Chief Forecaster on the GDP falling by 0.9% in the June quarter
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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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