15 Sep 2022

GDP rises 1.7 percent, recession averted

From Nine To Noon, 11:05 am on 15 September 2022

The economy has posted strong growth supported by consumer spending and tourism. Stats NZ says gross domestic product rose a seasonally adjusted 1.7 percent in the three months ended June, after unexpectedly falling at the start of the year. The number was at the top end of expectations. Kathryn speaks to RNZ's Business Editor Gyles Beckford.

23062016 Photo: RNZ / Rebekah Parsons-King. Busy streets in Wellington.

23062016 Photo: RNZ / Rebekah Parsons-King. Busy streets in Wellington. Photo: RNZ / Rebekah Parsons-King