COVID-19 restrictions are continuing to ease across the world as vaccination levels rise, permitting restaurants to reopen and consumers to dine. The hospitality sector, although battling to stay afloat with services such as contactless takeaways, has seen a strong recovery around the world as people begin to leave their homes again.
New analysis from economic consultancy Infometrics reveals billions of dollars of untapped potential for Kiwi exporters for new markets and products across the globe.
International trade disruptions have been fraught over the past year. The pandemic has decimated trade in services as people flows around the globe are restricted.
With Easter occurring later this week, there’s an increased interest in all things chocolate. In the March 2021 Chart of the Month, we wanted to dive into the numbers and see where Sunday’s easter egg hunt might have originated from, where we make our local chocolate, and where it might eventually end up (aside from our stomachs).
Chief Forecaster Gareth Kiernan has updated the tradtional 12 Days of Christmas rhyme. This song was riginally published in England in 1780 without music. The standard tune now associated with it is derived from a 1909 arrangement of a traditional folk melody by English composer Frederic Austin…
From the beginning of the COVID-19 recession, we’ve expected regions with large food-based primary sectors to weather the economic storm better than those that are highly exposed to international tourism.
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.
Although the movement of people across the globe has come to a near standstill, New Zealand’s exports mean that we still have a large connection to the outside world. Revenue from goods exports are income for many New Zealanders and have thankfully been quite resilient to the effects of COVID-19. It’s hard finding cheerful good news stories during a global pandemic and subsequent global recession.
New Zealand’s swift shift towards Alert Level 1 has seen the economy regain momentum more quickly than we had anticipated in the initial stages of the pandemic. Despite a feeling of cautious optimism around the country, we believe those gains will be lost as the economic realities of COVID-19 set in, with New Zealand an isolated lifeboat amid a tempest of global mayhem.
Continued calls for infrastructure investment and shovel-ready projects have yet to be matched with actual spending, but this problem isn’t a new one. Infometrics’ analysis of international data shows that New Zealand has been investing in infrastructure at a lower rate than other comparable countries for the last 30 years.