Today on The Country radio show, host Jamie Mackay catches up with independent economist Cameron Bagrie, who looks at New Zealand’s gross domestic product (GDP) and what it means for everyday Kiwis.
On with the show:
Cameron Bagrie:
Independent economist comments on today’s big story - we are officially out of a technical recession with the GDP coming in today at 0.2% for the March quarter. However the more relevant number - the GDP per capita - has decreased 0.3% (for the sixth consecutive quarter). So what do these numbers mean for the timing around a drop in the OCR from the Reserve Bank?
Blair “Blizzard” McLean: