Gareth Kiernan: Infometrics Chief Forecaster on the GDP falling by 0.9% in the June quarter

Our economy's been shrinking much faster than economists thought.  Latest data just out from Stats NZ shows GDP fell 0.9% in the three months to June.  That follows six months of growth, after six months of contraction.  Infometrics Chief Forecaster Gareth Kiernan told Kerre Woodham it's far worse than any economists were expecting.  He says this number is completely "off the charts", as far as they're concerned.  LISTEN ABOVE  The podcasts in the SME Stream contain general information only, not financial or professional advice. Any opinions expressed in the podcasts are not necessarily shared by BNZ, or its related entities. BNZ is not liable for any losses resulting from the content of the podcasts. See omnystudio.com/listener for privacy information.