10 Dec 2020

ANZ predicting double-digit GDP rebound

From Morning Report, 7:46 am on 10 December 2020

The ANZ bank is predicting a double-digit rebound in GDP numbers out next week.

The bank says the economy has been surprisingly resilient, helped by success in containing Covid-19, and it expects GDP to be up 14 percent for the third quarter.

It points to the housing-induced bump to domestic demand and the wage subsidy as key contributors to the economy's strength.

Sharon Zollner is the bank's chief economist.

Get the RNZ app

for easy access to all your favourite programmes

Subscribe to Morning Report

Podcast (MP3) Oggcast (Vorbis)