Nick Tuffley: ASB Chief Economist on GDP numbers released today
Dec 15, 2021 ·
3m 35s
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...
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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
show less
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
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