Local councils are once again putting their thoughts towards their Long Term (10-year) Plans which need to be completed next year. Fundamental to their plans are reliable metrics on the size of their current and future population.
Plastic packaging is being talked about more than any other time since it was first invented. With single-use plastic bags now banned, and our ability to outsource soft plastic recycling overseas becoming less viable, there are some fundamental shifts occurring for New Zealand. With more efforts to switch to reusable alternatives, and a rethink about plastic recycling, we need to focus much more on how we manage our waste.
Andrew Beattie has recently joined the Infometrics Team. This month we sit down to chat with Andrew about what he’s working on at Infometrics and what he sees in the future.
We know that Auckland is a big part of the country’s economy. In 2018 it had 35% of the population, 36% of the jobs, and accounted for 38% of GDP – up from 31%, 32% and 34% respectively in 2000. But just how big is that really?
The latest Infometrics Quarterly Economic Monitor highlights that almost all regional economies continue to grow, driven by population growth and sustained consumer confidence. However, concerns are growing about future growth, with a long, slow, slowdown expected over the next few years.
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.
Events can be a great way to stimulate a local area – bringing a cash injection from out of town visitors, raising the profile of an area and local businesses to visitors and migrants, or simply bringing a community closer together. Many communities choose to support events which align with their strategic goals, but it’s important to assess if the benefits really stack up, and if a public investment is warranted. Infometrics offers an event impact calculator to our regional clients, empowering them to calculate impacts for themselves.
Nick Brunsdon has recently joined the Infometrics Team. This month we sit down to chat with Nick about what he’s working on at Infometrics and what brought him full circle to work in economics.
Māori education outcomes continue to lag behind other groups in New Zealand. This lower attainment highlights a need to change what we’re doing to ensure that Māori succeed in education. Increasing Māori education outcomes will not only unlock more opportunities but will also give New Zealand the skills to enable us to prosper. A focus on Māori education outcomes is even more important given the growth in Māori in the working age population over the next 10-20 years.
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.