Infometrics April newsletter
Global challenges stress world economic outlook
The global economic outlook soured in early 2022, with the recovery being stifled by high inflation, continued supply chain disruptions, and rising geopolitical clashes. There’s a lot happening, and although this article doesn’t capture every piece of global economic news, it does set out some of the key global hurdles, and what they mean for the economic outlook.
Two-thirds of New Zealand areas have local Easter trading policies
In 2016, Parliament gave local councils the ability to set local policies to allow for Easter trading if a shop chose to. Although two-thirds of all councils now have Easter trading policies in place, most of the spending, and people, in New Zealand remain under restricted trading options. In short, shop trading hours are a patchwork tapestry of non-sensical rules. It’s time to reconsider our entire shop hours trading regime and reduce the regulatory burden on businesses and households.
Should we lower the superannuation eligibility age for Māori?
Māori Party co-leader Rawiri Waititi recently called for the eligibility age for New Zealand Superannuation (NZ Super) to be lowered to 57 years of age for Māori. Waititi made the argument based on Māori having a lower life expectancy than non-Māori. Life expectancy only tells part of the story, so in this article we explore the issue by looking at life expectancy, health expectancy, and the nature of work.
Media Release: NZ economy stressed as we pay the inflated price for too much stimulus
The latest forecasts published by Infometrics show that the New Zealand economy has become stretched to breaking point, with demand pumped to unsustainable levels by monetary and fiscal stimulus over the last two years. This support for the economy was implemented in the expectation of a major recession caused by COVID-19. But with supply constraints and disruptions a more persistent outcome from the pandemic, the consequences of excess demand are now becoming all too evident.