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24 Feb 2025 13:43
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  •   Home > News > Business

    An increase in household spending could help drive economic growth this year

    An increase in household spending could help drive economic growth this year


    Infometrics is forecasting the first positive economic outlook in years.

    It expects a pickup through the year, and average GDP growth at 0.5 percent each quarter.

    Chief Forecaster Gareth Kiernan says lower interest rates are putting money back in families' pockets.

    He says the surplus in household budgets will go from eight million dollars a week, to 45 million, by year's end.

    © 2025 Newstalk ZB, NZCity

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     Today's News

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    Law and Order:
    All Blacks and Blues wing Caleb Clarke has apologised after pleading guilty to charges of dangerous driving and failing to stop for police 13:37

    Rugby League:
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    Entertainment:
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    International:
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    Rugby:
    The Black Ferns Sevens know they need to be on their toes in the final of the latest tournament on the World Series circuit 12:47

    Business:
    Quick fixes and long-term solutions to Australia's sky-rocketing rental prices 12:47

    Entertainment:
    Alec Baldwin was diagnosed with PTSD in the wake of the 'Rust' tragedy 12:43

    Politics:
    Nelson's courthouse could be out of action for up to a year, after suddenly closing last week 12:27


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