Surprise across the board with the latest sharp drop in GDP.
 
Our economy's contracted 0.9% in the June quarter - a worse outcome than any economists had been forecasting.
 
Many were predicting a 0.3% drop, including the Reserve Bank and ASB.

ASB Senior Economist Mark Smith shares his analysis with Ryan. 

LISTEN ABOVE

Surprise across the board with the latest sharp drop in GDP. &nbsp; Our economy's contracted 0.9% in the June quarter - a worse outcome than any economists had been forecasting. &nbsp; Many were predicting a 0.3% drop, including the Reserve Bank and ASB.
ASB Senior Economist Mark Smith shares his analysis with Ryan.&nbsp;
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.