Infometrics October newsletter
Better growth in 2018 to prelude a more challenging next decade
Infometrics’ latest forecasts show the New Zealand economy still has more gas in the tank for 2018, despite the slowdown of the last 12 months and suggestions from some analysts that all the economy’s key drivers have already peaked. Infometrics’ Chief Forecaster Gareth Kiernan points to a buoyant export sector, increased government spending, and the perennial need to build more houses in Auckland as the key components of GDP growth averaging 3.4%pa during 2018 and 2019.
Wellington commercial property could be a nice little income earner
Commercial property is often thought of as a hybrid asset, with total returns generated from its bond-like income earning ability combined with the scope for equity-like capital gains. In Wellington’s case, the earthquake-driven shortage of buildings (particularly offices) is likely to be good for both parts of the returns equation. Income, however, could be the real star.
The Panama Canal: mosquitoes, a soft voice and a big stick
A sense of intrigue prompted David Kennedy to visit Panama City – an oasis of wealth and success in Central America. He was vaguely aware of its economic and historic importance: it is a metropolis of futuristic skyscrapers, an airline hub, a tax haven, a financial hub, a nexus of global trade, and a United States outpost of sorts. He knew that all these attributes related, in one way or another, to the Panama Canal.
Service IQ Regional Roadmaps
In August this year ServiceIQ, the Industry Training Organisation (ITO), for the aviation, hospitality, retail, travel, tourism and museums sectors, launched the first 10 in a series of 15 Service Sector Regional Roadmaps in the Grand Hall at Parliament. The roadmaps were launched by Associate Minister for Tertiary Education, Skills and Employment Hon. Louise Upston.