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.
It’s now been three months since Statistics NZ released new migration data based on traveller outcomes rather than intentions. And all we actually know for sure is that no one has any idea what is happening to migration any more. We’d do just as well to estimate next month’s migration figure by playing darts while blindfolded.
Over the last month there have been a range of concerns raised about the diplomatic relationship between New Zealand and China, with the announcement that the 2019 China-New Zealand Year of Tourism launch event has been postponed and government decisions being critical of China setting a foundation for worry.
It seems that love was in the air again this year, with Cupid’s arrow aiming as much for people’s wallets as their hearts. Looking around and seeing all the hopeless romantics and their gestures of love ranging from rose bouquets to axe throwing made me question just what all the hype is about?
Concerns about the outlook for the global economy in 2019 are heightened. A key worry is that slowing economic growth in China will undermine international trade activity, as growth in Chinese consumer spending slows.
Kiwis have overwhelmingly supported the government’s plastic bag ban, which will kick in mid-2019. The ban presents the wider packaging sector of 50,000 workers with an opportunity to retool and grow itself as consumers increasingly look for more environmentally friendly options.
As we head into summer, many of us will be looking forward to spending time with friends, family, and of course ‘man’s best friend’, the pooch. This month we draw of data from the Department of Internal Affairs to look at where dogs are more concentrated in NZ. There were 560,511 registered dogs in NZ for the year ending 30 June 2018. Two-thirds (67%) of dogs are in the North Island (compared to 77% of the human population), with the remaining third (33%) in the South Island (vs 23% human).
Earlier this month, Infometrics economist Brad Olsen spoke at the Economic Development New Zealand 2018 Conference ‘Mahi Tahi’ about how to move towards measuring inclusive growth in NZ’s regions. This article summarises the key points of his presentation.
The latest Infometrics Infrastructure Pipeline Profile shows that average infrastructure investment across the country is expected to be 28% higher over the next 10 years compared to the 2010-2018 period. A total of $129 billion in capital projects are estimated to be built over the 2019-2029 period.