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19 Oct 2019 15:03
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  •   Home > News > Business

    Business and consumer confidence wobbles may mean we've not reached bottom in the economy's growth cycle

    Business and consumer confidence wobbles may mean we've not reached bottom in the economy's growth cycle


    GDP lifted by point five per cent over the June quarter, with annual growth at 2.1 per cent.

    That's an almost six year low.

    Kiwibank senior economist Jeremy Couchman says they predict more action from the Reserve Bank.

    He says they're expecting the Reserve Bank to cut the OCR down to zero point seven five per cent in November.

    © 2019 Newstalk ZB, NZCity


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