A big bounce back for our economy, despite many sectors still doing it tough.

New Zealand's officially out of technical recession, with new GDP figures showing our economy grew 0.7% between October and December.

Economists had predicted a growth rate of just 0.3-to-0.5%.

NZ Herald Business Editor Liam Dann told Kerre Woodham while some areas still look gloomy, the bounce back from tourism and agriculture has been strong. 

He says it looks like farmers will go a long way to saving us in this current cycle as well. 

“Strong export prices combined with a good production season – that really makes a big difference.” 

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