ASB Investment Podcast host Nigel Grant is joined by ASB Senior Economist Kim Mundy to unpack New Zealand's Q1 2025 GDP result, a stronger-than-expected print that signals a broadening economic recovery, with business investment lifting and domestic demand sectors starting to stir. But with Q2 already shaping up to contract, how fragile is that momentum? Kim breaks down what the numbers mean for households, businesses, and the RBNZ, and why the Strait of Hormuz may matter more to your mortgage than the GDP headline itself.