Media Release: Recovery likely to be slow, even with bold government initiatives

The New Zealand economy faces up to two years of consolidation following the COVID-19 pandemic, according to Infometrics’ latest forecasts released last week. Even with massive government intervention to cushion the downturn and stimulate a recovery, there is no way the economy can quickly and completely bounce back from the restrictions currently in place. Instead, the structural changes the New Zealand economy is undergoing will establish a new “normal” operating environment for businesses.

Media Release: Households could be the next economic domino to fall

Households could go into their shells over the next year as economic conditions worsen, with little to support spending growth in the near-term, according to Infometrics’ latest economic forecasts. The stagnating labour market and the potential for house prices to fall both threaten to drag consumer confidence further below its long-term average.

Media Release: Wellbeing in provincial NZ still being neglected

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.

Global trends add weight to NZ economy’s slowdown

New Zealand is at the mercy of international economic trends more than at any time since 2011, according to Infometrics’ latest economic forecasts. On the domestic front, net migration is slowing, the housing market has softened, and the tight labour market means that capacity pressures are inhibiting further growth.