New Zealand's officially out of a technical recession but may not be out of the woods.

Stats NZ figures show GDP rose 0.2% in the three months to March and the same amount for the year.

However, per capita GDP decreased by 0.3%.

Infometrics Chief Economist Brad Olsen told Mike Hosking that the numbers are not looking promising for Q2.

He said that some of the important pieces of the business economy haven’t been doing as well —construction, non-food manufacturing, professional services— which doesn’t bode well for general economic momentum.

LISTEN ABOVE

New Zealand's officially out of a technical recession but may not be out of the woods. 
Stats NZ figures show GDP rose 0.2% in the three months to March and the same amount for the year. 
However, per capita GDP decreased by 0.3%. 
Infometrics Chief Economist Brad Olsen told Mike Hosking that the numbers are not looking promising for Q2. 
He said that some of the important pieces of the business economy haven’t been doing as well —construction, non-food manufacturing, professional services— which doesn’t bode well for general economic momentum. 
LISTEN ABOVE

A fresh and intelligent start to your day - catch the very latest international and domestic news developments, sport, entertainment and business on Early Edition with Ryan Bridge, on Newstalk ZB.

A fresh and intelligent start to your day - catch the very latest international and domestic news developments, sport, entertainment and business on Early Edition with Ryan Bridge, on Newstalk ZB.

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