New Zealand's back on the road to financial recovery, according to new reports.

The latest Stats NZ data shows the economy contracted 0.5 percent in the year to September.

But it's grown 1.1 percent - faster than expected - in the last quarter.

Infometrics Principal Economist Brad Olsen says we're effectively returning to where we once were.

"Momentum is starting to build, but it's building from a weak spot. So we're certainly not saying that the economy is completely back, but it is on a better track."

LISTEN ABOVE

New Zealand's back on the road to financial recovery, according to new reports.
The latest Stats NZ data shows the economy contracted 0.5 percent in the year to September.
But it's grown 1.1 percent - faster than expected - in the last quarter.
Infometrics Principal Economist Brad Olsen says we're effectively returning to where we once were.
"Momentum is starting to build, but it's building from a weak spot. So we're certainly not saying that the economy is completely back, but it is on a better track."
LISTEN ABOVE

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers. 

Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers. Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers.

Best of Business

Brad Olsen: Infometrics Principal Economist on the reports showing NZ's economy is improving

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/60603f7a-4f11-4007-8755-b3b7004ea271/transcript

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