New Zealand could see faster economic growth than Australia, but fewer jobs.

In New Zealand, Westpac's now forecasting an economic growth rate will hit 2.4% this year, and 3.1% next year.

In Australia, it's forecasting a growth rate of 2% this year, and 2.2% next year.

Senior Economist Satish Ranchhod told Ryan Bridge we've been seeing more OCR cuts, but it hasn't flowed through to the job market.

He says New Zealand's seeing high unemployment and low wage growth, and Australia hasn't seen a similar spike in unemployment.

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New Zealand could see faster economic growth than Australia, but fewer jobs.
In New Zealand, Westpac's now forecasting an economic growth rate will hit 2.4% this year, and 3.1% next year.
In Australia, it's forecasting a growth rate of 2% this year, and 2.2% next year.
Senior Economist Satish Ranchhod told Ryan Bridge we've been seeing more OCR cuts, but it hasn't flowed through to the job market.
He says New Zealand's seeing high unemployment and low wage growth, and Australia hasn't seen a similar spike in unemployment.
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.

Early Edition with Ryan Bridge

Satish Ranchhod: Westpac Senior Economist on New Zealand's economic growth rate

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/6f8d7b3f-6180-4397-a355-b345012cf14e/transcript