Brad Olsen: Economist says despite recent weather events, regional economic trends are looking finely balanced

An incomplete picture remains of the impact of Cyclone Gabrielle on regional economies. Infometrics' latest Quarterly Economic Monitor shows a 2.7 percent per annum rise in provisional economic activity in the first quarter of the year. Principal Economist Brad Olsen says at the same time the likes of Hawke's Bay, Tairawhiti and Northland have seen their economic activity down between 0.7 and 0.8 percent. He says given what we've seen, that's remarkable level of economic activity that's been able to bounce back. LISTEN ABOVE  See omnystudio.com/listener for privacy information.