Brad Olsen: Infometrics Principal Economist on the divided expectations for Thursday's GDP announcement

from Best of Business · host Newstalk ZB

GDP figures due to be released Thursday will confirm whether or not the country entered a technical recession. Opinions are divided, with ANZ forecasting a 0.2 increase, ASB forecasting a 0.1 increase and the Reserve Bank forecasting a 0.3 increase. But BNZ predicts GDP will decline 0.2 percent and Westpac expects a 0.4 percent drop. Infometrics Principal Economist Brad Olsen says it doesn't matter if it's a small increase or a small decrease- the end result will feel recessionary. LISTEN ABOVESee omnystudio.com/listener for privacy information.

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This episode was published on June 14, 2023.

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