Jarrod Kerr: We're expecting about 3% growth this year - Heather du Plessis-Allan Drive

New Kiwibank data says New Zealanders have proven reluctant to open their wallets over the last few months. 
Household electronic card spending fell 9.1% in the first quarter of this year. 
While it's not unusual for consumer spending to slow down after the holidays, the bank says this was still a noticeably weak result. 
Kiwibank’s chief economist, Jarrod Kerr joined Andrew Dickens. 
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