Market Update: We break down the business implications, market impact, and expert insights related to Market Update: Today’s GDP figures expected to show growth, but economists say it’s irrelevant – Full Analysis.
Figures for gross domestic product – the broad measure of economic activity – are due out today.
Photo: RNZ / Quin Tauetau
The economy is expected to have posted modest growth at the end of last year, but the budding recovery may stall because of the Middle East conflict.
Figures for gross domestic product – the broad measure of economic activity – are due out today.
A 0.3 percent increase is expected for the three months ended December.
Growth has been driven by the primary and tourism industries, but economists say the Iran war has already dimmed the relevance of the numbers.
They said the prospect of much higher inflation, reduced business and consumer activity, and prolonged uncertainty threatens to delay or even derail future growth.
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