Rise and fall: what will GDP data show?

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)
Rebecca Howard
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...

More Economy

RBNZ chief economist defends culture of debate amid criticism
Economy

RBNZ chief economist defends culture of debate amid criticism

Conway speaks of a robust debate culture within the RBNZ monetary policy committee.

An autopsy of 14 years of ‘fiscal drag’
Economy

An autopsy of 14 years of ‘fiscal drag’

Who stands to gain from National’s proposed tax bracket adjustments?

Gregor Thompson 20 Feb 2024
Health not the only system ailing
Economy

Dileepa Fonseka: Health not the only system ailing

Spiraling issues need more than a Band-Aid. 

Dileepa Fonseka 19 Feb 2024
Scoring Luxon’s State of the Nation speech
Economy Analysis

Pattrick Smellie: Scoring Luxon’s State of the Nation speech

The prime minister has either found a speechwriter or is finding his voice. Maybe both.

Pattrick Smellie 18 Feb 2024