A bigger rise in GDP than anyone expected for the first three months of the year
A bigger rise in GDP than anyone expected for the first three months of the year
17 June 2021
GDP went up one point six per cent in the March quarter - following on from a one per cent contraction in December.
KiwiBank chief economist Jarrod Kerr says consumers and businesses spent more than anticipated.
Jarrod Kerr says on the back of this - they think it's likely the Official Cash Rate will rise in May next year.
Meanwhile ANZ is forecasting it to start rising in February.
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