There’s an expectation that weakness in the last economic quarter is behind the country's slump. 

Stats NZ reports gross domestic product dropped 1% in the September quarter.  

We're now in our deepest recession since the Covid-driven slump of 2020.  

Westpac Senior Economist Michael Gordon told Heather du Plessis-Allan that the grind the country has been experiencing throughout the year is now showing up a bit more fully than in the last GDP numbers. 

He says one thing that stood out was the recognition of the cutbacks in the public sector, which weren’t being fully captured in the figures from three months ago. 

LISTEN ABOVE 

There’s an expectation that weakness in the last economic quarter is behind the country's slump.&nbsp;
Stats NZ reports gross domestic product dropped 1% in the September quarter. &nbsp;
We're now in our deepest recession since the Covid-driven slump of 2020. &nbsp;
Westpac Senior Economist Michael Gordon told Heather du Plessis-Allan that the grind the country has been experiencing throughout the year is now showing up a bit more fully than in the last GDP numbers.&nbsp;
He says one thing that stood out was the recognition of the cutbacks in the public sector, which weren’t being fully captured in the figures from three months ago.&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,...

The Mike Hosking Breakfast

Michael Gordon: Westpac Senior Economist on the latest GDP figures, economy

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/9cd5995d-477f-48de-b52f-b24b015781f6/transcript

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