15 Dec 2022

Spring boost to the economy

From Midday Report, 12:11 pm on 15 December 2022

The economy is growing more quickly than expected, with the latest gross domestic product figures from Stats NZ showing a two percent increase in the September quarter.

The annual growth rate is 6.4 percent.

The Finance Minister Grant Robertson says the economy is nearly 7.9 percent bigger than before the start of the pandemic, ahead of Australia, the US, Canada, Euro area, Japan and the UK.

ASB says it's a "stupendously strong" result.

Otago University economist Dr Murat Ungor spoke with Māni Dunlop.