the podcast on
Economists are anticipating GDP growth close to zero for the last quarter. 听
The Reserve Bank's forecasting a flat zero percent, ANZ is expecting a 0.1 percentage point growth, while ASB anticipates a 0.2-point drop.听
If today's economic growth figures are negative New Zealand will enter a technical recession after the last quarter also saw negative growth. 听
NZ Initiative executive director Oliver Hartwich told Mike Hosking that if it goes slightly up or down it doesn't matter as GDP per capita is what's important. 听
He says it plays out against a background of record immigration with a net intake of 140-thousand people, which means we're going backwards on a per capita basis.听
LISTEN ABOVE听
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