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Nick Tuffley: ASB Chief Economist says GDP has had a strong rebound in the second half of the year
Published 6 months, 1 week ago
Description
There are signs that green shoots are starting to flourish economically.
The latest card spending data from Stats NZ shows retail spending was up 1.6-percent last month, compared to November last year.
Spending was up across the board - on the likes of groceries, household items and clothes.
ASB Chief Economist Nick Tuffley told Ryan Bridge that the GDP for the second half of the year has had a strong rebound.
He says they're expecting 0.8 percent for the upcoming quarter.
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