There's proof the economy is in a slow recovery mode, even if it can't be felt.  

Infometrics' latest economic forecast shows economic growth —recently measured at 1.7% per annum by Stats NZ— is expected to stay above 1.5% until mid-next year. 

It's predicted to accelerate to 2.2% by the end of 2027.  

Chief Forecaster Gareth Kiernan told Mike Hosking while there has been a level of sectorial and regional discrepancy, they've started to see more lines across the economy point in the right direction. 

He says manufacturing, residential and civil construction, and tourism activity are lifting as well, so it's not simply a farm driven exercise.  

Kiernan says it's still a bit patchy and fuel prices are having an impact, but they're not expecting the economy to start going backwards. 

LISTEN ABOVE 

There's proof the economy is in a slow recovery mode, even if it can't be felt. &nbsp;
Infometrics' latest economic forecast shows economic growth —recently measured at 1.7% per annum by Stats NZ— is expected to stay above 1.5% until mid-next year.&nbsp;
It's predicted to accelerate to 2.2% by the end of 2027. &nbsp;
Chief Forecaster Gareth Kiernan told Mike Hosking while there has been a level of sectorial and regional discrepancy, they've started to see more lines across the economy point in the right direction.&nbsp;
He says manufacturing, residential and civil construction, and tourism activity are lifting as well, so it's not simply a farm driven exercise. &nbsp;
Kiernan says it's still a bit patchy and fuel prices are having an impact, but they're not expecting the economy to start going backwards.&nbsp;
LISTEN ABOVE&nbsp;

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Open your mind to the world with New Zealand’s number one breakfast radio show. Without question, as New Zealand’s number one talk host, Mike Hosking sets the day’s agenda. The sharpest voice and mind in the business, Mike drives strong opinion, delivers the best talent, and always leaves you wanting more. The Mike Hosking Breakfast always cuts through and delivers the best daily on Newstalk ZB.

Open your mind to the world with New Zealand’s number one breakfast radio show.Without question, as New Zealand’s number one talk host, Mike Hosking sets the day’s agenda.The sharpest voice and mind in the business, Mike drives strong opinion,...

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Gareth Kiernan: Infometrics Chief Forecaster on the economy's slow recovery

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/2896abb1-9ff9-4d51-9f2e-b4e4014c4c5a/transcript