Nathaniel Keall: ASB economist on the weakening economy - Heather du Plessis-Allan Drive

The economy's slightly weaker than economists and the Reserve Bank expected.

New GDP figures show a 0.6 percent contraction for the December quarter, compared to a two percent increase for September's.

All major banks predicted a slump despite the Central Bank predicting a 0.7 lift.

ASB economist Nathaniel Keall says the warning signs were there.

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