New Zealand is slowly moving from the response to the recovery phase of the COVID-19 pandemic. This shift in focus means we’re trying to understand what New Zealand’s recovery path might look like, and where job opportunities might be five years from now. In an earlier article, we looked at industry-level job losses in the short term to March 2021.
The COVID-19 pandemic will see very few winners. We will all come out poorer and worse off, but some will lose more than others. Low skilled workers, young workers, Māori and Pacifica workers are more vulnerable and likely to be hardest hit. These effects will exacerbate existing inequalities.
Over the past three months, much of New Zealand’s workforce (including the Infometrics team) has become far more accustomed to working from home, and to communicating with clients and teammates via Zoom, Teams, and other platforms.
New Zealand is set to experience a second wave of unemployment as the wage subsidy comes to an end. Businesses have already started to “consult” staff about workforce levels, and with the wage subsidy starting to run out this week, more job losses are in store, especially if that store is The Warehouse or Max.
Facing the greatest economic downturn in a century, Budget 2020 was always going to present a grim picture of rising unemployment, lower economic activity, and ballooning debt. But the Budget also lays a firm foundation for the economy to recover, with spending on areas needed to both respond to, and recover from, the COVID-19 pandemic and resulting economic downturn.
In the years since the Global Financial Crisis, New Zealanders have enjoyed consistent economic growth and Māori have earned their share of this. But on many key metrics, a clear gap between the economic fortunes of Māori and non-Māori remains.
For the past few months, the Infometrics team has been fully occupied with modelling the effects of the pandemic on the national economy, and on the local economies and individual operations of our clients.
In this article, Alistair Schorn takes a closer look at Infometrics Wellbeing Framework developed in 2019 to evaluate the wellbeing of New Zealand’s communities.
One of the great things about working at Infometrics is the view of Wellington Harbour from our office window. Unfortunately, I haven’t seen it for over two months, and don’t expect to for a little while longer. So I thought I’d cheer myself up by recreating it in a scatterplot – more Art than Chart!
The latest Infometrics Quarterly Economic Monitor shows the first signs of New Zealand’s economic slowdown as the COVID-19 pandemic and recession changes the way that businesses, households, and government operates.
The government has a clear opportunity to address New Zealand’s shortage of social housing and support the residential construction industry by significantly increasing construction of state houses over the next two years, says economics consultancy Infometrics.