Rise and fall: what will GDP data show?

Kiwibank economist Jarrod Kerr is picking a 1.1% quarterly expansion in the June quarter. (Image: Getty)

Tue, 14 Sep 2021

Data this week will show the economy was on a tear ahead of the latest lockdown, but economists are expecting it to fall off a cliff in the third quarter before picking up steam toward the end of the year. Statistics New Zealand is due to release GDP data for the 2020 second quarter on Thursday.Kiwibank economist Jarrod Kerr is picking a 1.1% quarterly expansion in the June quarter followed by a 7% plunge in the third quarter and an 8.5% rebound at the end of 2021.“The economy’s solid momentum heading into lockdown should help...

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