Chart of the Month: Could New Zealand’s chocolate sector expand?

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).

The world still needs to eat

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.

A delayed, but not denied, economic effect

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.

New Zealand infrastructure spending lags international partners

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.

Chart of the month: COVID-19 Infections

New Zealand has almost completed a month of Level 4 lockdown, aimed at halting the spread of COVID-19. And it seems to be working! New Zealanders have endured incredibly tough restrictions, including requirements to stay home, as well as increased risks for essential workers as they ensured that New Zealand remained fed and looked after.