Kelly Eckhold: Westpac Chief Economist ahead of today's GDP figures

Today's GDP figures are expected to show the economy weakened in the second quarter of this year.   Analysts are forecasting a contraction between 0.1 and 0.5%.   The first quarter of 2024 showed just 0.2% growth.   Westpac Chief Economist Kelly Eckhold told Mike Hosking June was the weakest month they've seen in a while.   He says they expect it to have gone backwards again in Q3, but it will be a finely balanced thing – they're forecasting minus 0.2.  LISTEN ABOVE See omnystudio.com/listener for privacy information.