18 Jun 2020

GDP numbers expected to fall today

From Morning Report, 8:48 am on 18 June 2020

The first quarter GDP numbers will be released today, showing the impact of the Covid-19 pandemic, which forced the shutdown of most businesses.

Broad expectations are for a drop in gross domestic product (GDP) of about 1 percent for the three months ended March on the previous quarter, the first contraction since the end of 2010.

Jarrod Kerr is Kiwibank's chief economist.