The latest Infometrics Quarterly Economic Monitor highlights that almost all regional economies continue to grow, driven by population growth and sustained consumer confidence. However, concerns are growing about future growth, with a long, slow, slowdown expected over the next few years.
The July 2019 Infometrics forecasts show a long, slow, slowdown is on the cards for the New Zealand economy. With lower growth on the way, it’s worth highlighting some of the options that are available to New Zealand to combat the slowdown along with the opportunities and challenges of these options.
Māori education outcomes continue to lag behind other groups in New Zealand. This lower attainment highlights a need to change what we’re doing to ensure that Māori succeed in education. Increasing Māori education outcomes will not only unlock more opportunities but will also give New Zealand the skills to enable us to prosper. A focus on Māori education outcomes is even more important given the growth in Māori in the working age population over the next 10-20 years.
A new report from economic consultancy Infometrics highlights the stark divide in wellbeing between urban and rural New Zealand. Regional Wellbeing marks the first attempt to comprehensively report on wellbeing at a local level around New Zealand. It covers 30 indicators and draws from Infometrics’ online Regional Wellbeing Framework.
Today’s Wellbeing Budget is a significant departure from previous budgets. Finance Minister Grant Robertson has laid out an ambitious spending plan for the economy based around the government’s five wellbeing priorities. The test will be how achievable this plan is.
All eyes are on wellbeing this week, as Finance Minister Grant Robertson unveils the world’s first wellbeing budget. But the Government has been quiet as to wellbeing differs across New Zealand. At Infometrics we thought this was a massive gap that needed to be filled, so we developed a Regional Wellbeing Framework. This article outlines introduces our Regional Wellbeing Framework and provides a teaser to our forthcoming regional wellbeing report that will be released on 11 June.
New Zealand’s labour market remains tight, with unemployment at 4.2% and businesses finding it difficult to source workers. At the same time, employment growth has slowed, and the Reserve Bank has stated that, in its view, “employment is near its maximum sustainable level”.
The Treasury hit headlines a month or two back when considering ‘sun and moon feelings’. While sun and moon feelings did not meet our criteria in when developing the Infometrics regional wellbeing framework, we thought it would be fun to shine the line sunshine hours to see what area came up trumps.
Since the Reserve Bank surprised markets with its shift towards an easing bias, the outlook for interest rates has been a constant source of speculation. But the timing of the shift in stance was curious – in our view, nothing fundamental had changed, and the Reserve Bank is sending out the entire fire brigade to rescue a kitten from a tree.
One of the true tests of a society is measured by how it treats its most vulnerable members, particularly the old, the young, the sick, and the disabled. There is a lot of good with New Zealand and New Zealand policy. However, on assisting those unable to provide for themselves, our provisions for people unable to work due to a health condition is an area where we are increasingly failing.