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21 Jul 2024 6:54
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  •   Home > News > Business

    Economists aren't expecting GDP to rise significantly, until there's a material change in the OCR

    Economists aren't expecting GDP to rise significantly, until there's a material change in the OCR


    The economy grew 0.2 percent in March, officially taking the country out of a technical recession.

    ASB Senior Economist Kim Mundy says monetary policy is still being significantly tightened by the Reserve Bank.

    She says that's flowing through to weaker household demand, because people are finding their pay cheques aren't going as far.

    © 2024 Newstalk ZB, NZCity

     Other Business News
     21 Jul: Olympic rowing champion Mahe Drysdale is set to be Tauranga's next mayor
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     20 Jul: The housing outlook has become clearer in recent weeks - as some mortgage rates get a shake-up
     19 Jul: Several banking services across New Zealand are reportedly being affected by outages
     19 Jul: Good news for home-buyers.... BNZ and Kiwibank are following ANZ and Westpac in cutting their advertised home loan and term deposit rates, following Wednesday's drop in CPI inflation
     19 Jul: Businesses are embracing the extension of EFTPOS transaction days
     19 Jul: New data suggests there's increased demand for owning all kinds of small businesses
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    A strong review from All Blacks coach Scott Robertson to Billy Proctor's test debut More...


    BUSINESS BUSINESS
    Olympic rowing champion Mahe Drysdale is set to be Tauranga's next mayor More...



     Today's News

    Rugby:
    A strong review from All Blacks coach Scott Robertson to Billy Proctor's test debut 6:37

    Business:
    Olympic rowing champion Mahe Drysdale is set to be Tauranga's next mayor 4:37

    Living & Travel:
    The biggest winner in tonight's Lotto draw is an Auckland player who bought their Strike Four ticket online 21:57

    Entertainment:
    Bob Newhart has died aged 94 21:28

    Accident and Emergency:
    At least 11 people have died in the partial collapse of a highway bridge in northwest China following heavy storms and flooding 21:17

    Entertainment:
    Michael Strahan's daughter Isabella is cancer free 20:58

    Entertainment:
    Priscilla Presley claims she has had $1 million stolen from her as part of financial abuse 20:28

    Entertainment:
    Catherine, Princess of Wales has hailed the "power of nature" in helping "wellbeing" 19:58

    Entertainment:
    Sam Smith was left unable to walk after a skiing injury that led to the singer being taken off a slope in a "blood bag" 19:28

    Entertainment:
    Johnny Depp and Will Smith have reportedly struck up a bromance 18:58


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