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Jarrod Kerr: Kiwibank chief economist issues warning after GDP figures unveiled
Published 11 months, 4 weeks ago
Description
Kiwibank's chief economist says GDP figures released today show good momentum - but the next report isn't looking as good.
Stats NZ says our gross domestic product grew a strong 0.8 percent in this year's first quarter.
It's much higher than predicted by the Reserve Bank and Treasury.
Jarrod Kerr says there is less optimism around the quarter ending June.
"The data that we talked about was for the first quarter - obviously, it pre-dates Trump's tariff announcements, which has thrown a whole lot of uncertainty into the year. And it also predates the recent spike in oil prices."
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