Media Release: Economy to bounce back as we learn to live with Delta

Confidence remains that the New Zealand economy can weather the Delta outbreak and bounce back strongly again from lockdown, according to Infometrics’ latest economic forecasts. Infometrics predicts that household spending will once again be in “catch up” mode when alert level restrictions are eventually eased. Business confidence also shows that, overall, firms remain optimistic about a return to normal.

Don’t be complacent about agriculture’s ability to rescue us

The massive increase in tourist numbers coming to New Zealand between the Global Financial Crisis and the COVID-19 pandemic is well documented, lifting from under 2.5m in 2008 to 3.9m in 2019. But it’s perhaps less well-known that agriculture and forestry exports held their own during this period, with their share of total exports increasing from 44% to 49%.

Media Release: Regional economies show resilience ahead of Alert Level 4 economic hit

New Zealand’s economy continued to strengthen and grow in the second quarter of 2021, with regional economies driving economic activity. The June 2021 quarter Infometrics Quarterly Economic Monitor shows a further improvement in economic conditions, driven by rising employment, upbeat households, and rocketing building activity. The stronger economic results for the regions position the New Zealand economy well to tackle the latest setback as the country moves to Alert Level 4.

Media Release: Pressures mounting in NZ’s overstimulated economy

The New Zealand economy is growing at an unsustainable rate, fuelled by the massive fiscal and monetary stimulus applied over the last 16 months in response to the COVID-19 pandemic. Infometrics’ latest forecasts predict that economic growth will climb to over 5%pa this year, with growth in household spending reaching 10%pa. These strong demand conditions are being accompanied by a wide range of cost pressures that are creating serious inflationary risks, with the burst of demand unlikely to hold up.

Media Release: Sluggish start to the year for regional economies

The summer of 2020/21 provided a boost to a number of regional economies even as traditional tourism hotspots remained hard hit by the loss of international tourism. The latest Infometrics Quarterly Economic Monitor points to a faltering in the overall economic recovery, with a further divergence across New Zealand. Some parts of the country have continued to recover further but other areas show patches of softer economic activity.

Media Release: Regional economies bouncing back, but not everywhere is going so well

The New Zealand economy continues to chart a more optimistic and upbeat path, as restrictions on economic and social activity remains lower than almost anywhere globally. The latest Infometrics Quarterly Economic Monitor shows regional economic activity in the December quarter continue to improve, although the hit to different areas is become starker, with tourism-related industries still feeling a much harder hit than other sectors.