Mike Jones: BNZ Chief Economist ahead of today's GDP release
Update: 2024-09-18
Description
An economist says another GDP contraction today would be in-line with the idea we've been in a rolling recession for almost two years.
The March 2024 quarter showed just 0.2% growth.
BNZ is picking a 0.4% contraction in the second quarter.
Chief Economist Mike Jones told Ryan Bridge the Reserve Bank's anticipating a 0.5% contraction, so it would take a real clanger to throw it off course.
He says the bigger piece of news for interest rates in New Zealand and the Reserve Bank might be what the US Federal reserve does with interest rates.
LISTEN ABOVE
See omnystudio.com/listener for privacy information.
Comments
Top Podcasts
The Best New Comedy Podcast Right Now – June 2024The Best News Podcast Right Now – June 2024The Best New Business Podcast Right Now – June 2024The Best New Sports Podcast Right Now – June 2024The Best New True Crime Podcast Right Now – June 2024The Best New Joe Rogan Experience Podcast Right Now – June 20The Best New Dan Bongino Show Podcast Right Now – June 20The Best New Mark Levin Podcast – June 2024
In Channel