There’s been considerable talk in 2020 about people moving around the country as COVID-19 changes how people live, work, and play. We’ve never had complete and official data on how Kiwis are shifting across New Zealand, but Stats NZ has recently included some net internal migration data which provides a first cut of Kiwis mobility.
New Zealand’s economy rebounded strongly in the September quarter, with regional economies showing renewed strength as they get back on their feet. The latest Infometrics Quarterly Economic Monitor points to a surge in activity as the economy’s resilience saw businesses and consumers swing back into action after a substantial hit in the June quarter.
It’s been a long year with not a whole lot of cheery news, as COVID-19 upended plans and lives across the globe. In an attempt to bring some light-hearted fun as we hurtle towards the end of 2020, we’ve focused the Chart of the Month on some of our best friends: Dogs.
Housing remains a hot issue across New Zealand. But there’s not as much focus on the quality of the housing we endlessly debate. In part, this lack of focus is because we haven’t had great insights to work with – and what gets measured gets managed. But Infometrics analysis of Census 2018 data shows some disturbing results, with a concerning number of mouldy, damp or cold houses.
A second wave of the COVID-19 pandemic is sweeping the world, even as New Zealand’s containment measures remain robust. The rising tide of cases could stymie economic rebounds expected globally, with negative implications for New Zealand’s export potential heading into 2021.
The COVID-19 pandemic has had major ramifications for the New Zealand economy and put a spotlight on the structure of local economies. One of the key determinants of how regional economies are performing is how much of a focus they have on either of the tourism or primary sectors. But a bigger issue looms for some areas, with some key industrial players rapidly reassessing their future, which could remove a substantial chunk of activity from some local economies.
It’s abundantly clear that the COVID-19 pandemic and economic downturn isn’t hitting all groups equally, with job losses more concentrated among groups like Māori, young people, and women. Infometrics analysis has also determined that many who are facing job losses are likely to be renters.
The announcement of community transmission of COVID-19 in August has been a reality check on our progress towards recovery. With Auckland now under Alert Level 3 restrictions, and the rest of New Zealand at Alert Level 2, the economic outlook has turned darker. This note provides our initial analysis of the economic effects of the changes, as well as an update on how our view of the economic outlook is changing.
The latest Infometrics Quarterly Economic Monitor shows a substantial hit to regional economies from the COVID-19 pandemic and New Zealand’s restrictions during the Level 4 lockdown alongside the move down the Alert Levels. The Monitor provides the most comprehensive analysis of regional economic changes so far during the pandemic.
With the 2020 Election in September closing in fast, Infometrics has again examined how the economy has performed this electoral term and what that might mean come election day. Yet as New Zealand heads to the polls in just under three months, there needs to be a much greater focus on how to rebuild the economy. Jobs, and how to keep and create them, will be the defining issue of Election 2020.