Jarrod Kerr: Kiwibank Chief Economist on New Zealand's growing GDP figures

Suggestions our strong GDP figures could mean a bigger Official Cash Rate hike next February.

New Zealand's GDP has grown two percent in the three months to September which is a higher growth rate than Australia, the US, the UK and the EU.

Kiwibank Chief Economist Jarrod Kerr says it doesn't change our gloomy economic outlook, with the Treasury and Reserve Bank forecasting a recession next year.

"It simply means we've got a larger economy than we thought, which is fantastic, but the outlook hasn't changed. The Reserve Bank is deliberately trying to engineer a recession in order to get inflation back down."

LISTEN ABOVE

 

 

See omnystudio.com/listener for privacy information.