Gareth Kiernan (Infometrics Chief Forecaster) chats to Liam Dann, of NZ Herald Economy Hub, about the expected economic slowdown over the next few years.
A range of factors have combined to drive the slowdown, many of which can be sheeted back to government policy.
We have heard a lot recently about the struggles to meet labour demand in the regions . With a tight labour market and low unemployment rate, stories of employers being unable to find enough workers are becoming increasingly common. This article looks at immigration, one of the key ‘cogs’ to helping address skills shortages. More specifically, we look at how the proposed ‘Regional Skills Shortage List’ could provide the necessary workers throughout the country.
We have revised down our expectations for GDP growth during 2018 in our latest economic forecasts (see Graph 1). Our previous forecasts, in October, were upbeat about prospects for the New Zealand economy this year, but a range of factors have combined to see that growth outlook soften over the last few months. These factors include persistent capacity constraints in the construction sector, changes in central government’s infrastructure priorities, and dairy prices that have been a bit disappointing.
New research released this month by Infometrics suggests that we might currently be underestimating net migration by between 4,000 and 8,000 people per year. These figures imply that net migration could be closer to 80,000pa than the latest official measure of 72,300.
Net migration is having a huge effect on the New Zealand economy prompting debate and leading to policy changes. We’ve curated a list of the top ten things to know about migration in New Zealand.
A wee while back, Winston Peters complained that arrival data used by Herald reporters mistook arrivals from Australia as Australians (spoiler – it didn’t). But he did raise an interesting question: who does come over from Australia when they move here long-term? Turns out, almost two thirds of people moving from Australia to New Zealand are in fact Kiwis.
For the first time, the value of international education has been measured in eight regions around New Zealand in a series of reports authored by Infometrics Chief Economist Adolf Stroombergen and the National Research Bureau (NRB) for Education New Zealand. Hilary Parker examines the regional impact of international education on two New Zealand areas.
January is the time of new beginnings and this month we chat to Andrew Whiteford, Managing Director of Infometrics, about his new beginnings in New Zealand, having emigrated here from South Africa 16 years ago. January 2017 also marks the 10th anniversary of Andrew joining Infometrics. During that time he has overseen the development of Infometrics’ Regional Service. Andrew has always been focussed on developing new data sets and making complex data accessible to clients.