GDP data Ai Group comment

“The welcome rebound in GDP in the December quarter shows healthy progress towards a full recovery from the disruptions of the past two years,” Innes Willox, Chief Executive of the national employer association Ai Group said today.

“The 3.4% bounce in GDP lifted annual GDP growth to 4.2% and provides a very good platform from which we can recover the rest of the ground lost in the very volatile period since early 2020. Further gains will require the south-east corner of the country to maintain the momentum evident in the closing months of 2021. This will help boost activity in the rest of the country and should create the right environment for businesses to meet their expectations of a healthy pick up in investment over 2022,” Mr Willox said.

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