The economy had a worse than expected drop in the June quarter, shrinking 0.9%. 

Finance Minister Nicola Willis has blamed it on global turmoil, but the Reserve Bank of New Zealand says there's a need to provide more stimulus to the economy by cutting the OCR. 

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The economy had a worse than expected drop in the June quarter, shrinking 0.9%.&nbsp;
Finance Minister Nicola Willis has blamed it on global turmoil, but the Reserve Bank of New Zealand says there's a need to provide more stimulus to the economy by cutting the OCR.&nbsp;
LISTEN ABOVE

The Weekend Collective on Newstalk ZB is an intelligent and fun take on the life you live and what you love. From Barrister to singer to recording artist and concert producer, including performing the national anthem for the All Blacks, you name it, Tim Beveridge has done it. Joined by a range of special expert guests throughout the afternoon, The Weekend Collective will cover off the issues of the week, politics, parenting, finance, wellness and property.

The Weekend Collective on Newstalk ZB is an intelligent and fun take on the life you live and what you love. From Barrister to singer to recording artist and concert producer, including performing the national anthem for the All Blacks, you name it, Tim Beveridge has done it. Joined by a range of special expert guests throughout the afternoon, The Weekend Collective will cover off the issues of the week, politics, parenting, finance, wellness and property.

The Weekend Collective

Hamish Pepper: Forecasts rise for OCR after GDP shrinks

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/f44dcfc8-add9-40ab-8afc-b35f0062916c/transcript