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Consumer confidence plummeted to an all-time low in March 2022 in response to the ongoing uncertainty of New Zealand’s economic outlook. Households are being squeezed by rising living and credit costs, and these costs are expected to continue increasing for the foreseeable future. Read


Easter-Hot-Cross-Buns

In 2016, Parliament gave local councils the ability to set local policies to allow for Easter trading if a shop chose to. Although two-thirds of all councils now have Easter trading policies in place, most of the spending, and people, in New Zealand remain under restricted trading options. In short, shop trading hours are a patchwork tapestry of non-sensical rules. It’s time to reconsider our entire shop hours trading regime and reduce the regulatory burden on businesses and households. Read


Masked-World

The global economic outlook soured in early 2022, with the recovery being stifled by high inflation, continued supply chain disruptions, and rising geopolitical clashes. There’s a lot happening, and although this article doesn’t capture every piece of global economic news, it does set out some of the key global hurdles, and what they mean for the economic outlook. Read


Photo: New Zealand Railways Corporation. https://www.flickr.com/photos/archivesnz/34779557894

Māori Party co-leader Rawiri Waititi recently called for the eligibility age for New Zealand Superannuation (NZ Super) to be lowered to 57 years of age for Māori. Waititi made the argument based on Māori having a lower life expectancy than non-Māori. Life expectancy only tells part of the story, so in this article we explore the issue by looking at life expectancy, health expectancy, and the nature of work. Read


Media release - April 2022 Forecasts

The latest forecasts published by Infometrics show that the New Zealand economy has become stretched to breaking point, with demand pumped to unsustainable levels by monetary and fiscal stimulus over the last two years. This support for the economy was implemented in the expectation of a major recession caused by COVID-19. But with supply constraints and disruptions a more persistent outcome from the pandemic, the consequences of excess demand are now becoming all too evident. Read


Office-Sigmund-Unsplash

The disruption caused by the COVID-19 pandemic and the government’s response of closing the borders have led to an incredibly tight labour market over the last year. The record-low unemployment rate of 3.2% has been backed up by a raft of other indicators showing how difficult it is for businesses to attract and retain employees. With living costs surging as well, workers have both the bargaining power and the motivation to demand significant pay increases during 2022. Read


mechanic

Labour market pressures have become acute over the past year in New Zealand, as the economy rebounded from the onset of COVID-19, and businesses adapted to operating without the previously plentiful supply of migrant workers. However, this pressure is not a fleeting challenge. New Zealand’s populati... Read


Fuel-pump-2022

Fuel prices have shot up in recent weeks after tough sanctions were imposed on Russian oil and gas companies and their exports by a large suite of countries. The sanctions come in response to Russia’s invasion of Ukraine and are designed to effectively cut Russia off from the global economy and hurt... Read


LGBT-Flag

For the first time, Stats NZ has been able to produce detailed and statistically robust estimates of counts and outcomes of New Zealand’s rainbow community. Many of the headline results confirm expectations from the community itself, but nevertheless provide a statistical foundation from which to be... Read


Plane in Welly_2

New Zealand’s population growth in the December quarter was 0.5%pa, having slipped as low as 0.4%pa in September last year, the slowest rate of growth since about 1989. The large migration inflow of previous years has been replaced with the first net migration outflow since the aftermath of the 2011... Read

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