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.
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.
Education Minister Chris Hipkins recently appeared before the Education and Workforce select committee to face a barrage of schooling related questions, but with little focus on tertiary education. However, just before his appearance, tertiary education data for 2018 and updated tertiary education forecasts were released, casting some light on the tertiary sector.
Lifting the skills and opportunities available for Māori has been one of the key priority areas of the government’s Wellbeing Budget. Plenty has been written about the socio-economic, health and other challenges facing Māori over the past couple of decades, yet many of these interrelated issues remain.
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.
Fixing New Zealand’s housing affordability crisis was one of Labour’s key policy goals going into the last two elections. But KiwiBuild has been conspicuously absent from the government’s vocabulary in recent months, and yesterday’s Budget was no different. The government might not have given up trying to improve housing affordability, but it seems to have realised that KiwiBuild is not the answer to the problem.
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.
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.