Economic Weekly: Takeoff aborted
- Last week’s Q2 GDP showed a much bigger plunge than was widely anticipated, even if some statistical factors accentuated this particular quarter’s fall
- The majority of sectors of the economy went backwards, and the main ray of light was consumer spending volumes eking out a gain
- The economy was overall flat in the first half of this year and has barely lifted after the 2% contraction through the middle of last year
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Mark Smith
Senior Economist
Mark joined ASB in 2017, with over 20 years of public and private sector experience working as an economist in New Zealand and the UK.
His resume includes lengthy stints at ANZ and the Reserve Bank of New Zealand, and he has also worked at the Bank of England, HM Treasury and the New Zealand Transport Agency. Mark's areas of specialisation include interest rate strategy, macro-economic analysis and urban economics.
Born and bred in the Waikato, Mark studied at Waikato University where he graduated with a Master of Social Sciences, majoring in Economics.
Mark's key strengths are the ability to use his extensive experience, inquisitive nature, analytical ability, creativity and pragmatism to dig a little deeper and to deliver common sense solutions to tackle complex problems.
When not at work Mark likes to travel, keep fit and spend time with his friends and family.
- Email: Mark