16 Sep 2022

No recession after strong growth in second quarter

From Morning Report, 6:50 am on 16 September 2022

There is no recession in New Zealand - after the economy grew more than most anticipated in the second quarter of this year.

GDP rose by 1.7% defying a host of pessimistic forecasts.

Westpac guessed closest among our major banks, having tipped GDP would be 1.6% to the three months ended June.

Westpac acting chief economist Michael Gordon spoke to Kim Hill.