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Mark Smith: ASB Senior Economist on the GDP falling 0.9%
Published 7 months, 2 weeks ago
Description
Surprise across the board with the latest sharp drop in GDP.
Our economy's contracted 0.9% in the June quarter - a worse outcome than any economists had been forecasting.
Many were predicting a 0.3% drop, including the Reserve Bank and ASB.
ASB Senior Economist Mark Smith shares his analysis with Ryan.
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