Today's GDP figures are expected to show the economy weakened in the second quarter of this year. 

Analysts are forecasting a contraction between 0.1 and 0.5%. 

The first quarter of 2024 showed just 0.2% growth. 

Westpac Chief Economist Kelly Eckhold told Mike Hosking June was the weakest month they've seen in a while. 

He says they expect it to have gone backwards again in Q3, but it will be a finely balanced thing – they're forecasting minus 0.2.

LISTEN ABOVE

Today's GDP figures are expected to show the economy weakened in the second quarter of this year.  
Analysts are forecasting a contraction between 0.1 and 0.5%.  
The first quarter of 2024 showed just 0.2% growth.  
Westpac Chief Economist Kelly Eckhold told Mike Hosking June was the weakest month they've seen in a while.  
He says they expect it to have gone backwards again in Q3, but it will be a finely balanced thing – they're forecasting minus 0.2. 
LISTEN ABOVE

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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,...

The Mike Hosking Breakfast

Kelly Eckhold: Westpac Chief Economist ahead of today's GDP figures

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/d9193e50-f794-4c0e-95b6-b1ef0154bc98/transcript