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12 Jul 2025 21:21
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  •   Home > News > Business

    A bigger rise in GDP than anyone expected for the first three months of the year

    A bigger rise in GDP than anyone expected for the first three months of the year


    GDP went up one point six per cent in the March quarter - following on from a one per cent contraction in December.

    KiwiBank chief economist Jarrod Kerr says consumers and businesses spent more than anticipated.

    Jarrod Kerr says on the back of this - they think it's likely the Official Cash Rate will rise in May next year.

    Meanwhile ANZ is forecasting it to start rising in February.

    © 2025 Newstalk ZB, NZCity

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    RUGBY RUGBY
    All Blacks fullback Will Jordan believes France could deviate from their kick-first mentality tonight in the second test More...


    BUSINESS BUSINESS
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     Today's News

    Rugby:
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    Entertainment:
    Nicole Scherzinger had a "really beautiful" experience with Liam Payne on Building the Band 21:00

    Entertainment:
    Jay-Z has accused a man who claims to be his son of "harassment" 20:30

    Entertainment:
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    Entertainment:
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    Entertainment:
    Queen Camilla thanked Novak Djokovic for allowing her to stay at his property in Montenegro 19:00

    Environment:
    Local electricity providers are still working to restore outages in parts of Nelson Tasman and Banks Peninsula 18:56

    Basketball:
    There's been a seismic shock in the men's National Basketball League 18:36

    Entertainment:
    Melissa Gilbert's biological father recognised her from TV when he first met her 18:30

    International:
    The first report on the deadly Air India crash is out — what did it reveal? 18:16


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