Nick Tuffley: ASB Chief Economist says GDP has had a strong rebound in the second half of the year

Best of Business · Dec 12, 2025 · 3m · transcript

There are signs that green shoots are starting to flourish economically.

The latest card spending data from Stats NZ shows retail spending was up 1.6-percent last month, compared to November last year.

Spending was up across the board - on the likes of groceries, household items and clothes.

ASB Chief Economist Nick Tuffley told Ryan Bridge that the GDP for the second half of the year has had a strong rebound.

He says they're expecting 0.8 percent for the upcoming quarter.

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