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Infometrics June newsletter
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June 2020
NEWSLETTER

The resurgence of COVID-19 in the community has seen Auckland move back to Alert Level 3, and the rest of New Zealand move to Level 2 – both of which will have substantial economic ramifications. Tourism is again a key area of focus, and Nick Brunsdon looks into how domestic travel will respond.

Complementing our tourism analysis, Brad Olsen has looked at what the greater restrictions mean as New Zealand moves ahead, and how the wider economy is being impacted.

Our latest Quarterly Economic Monitor was released last week, providing the first comprehensive analysis of regional economic changes so far during the pandemic. Our high-level analysis shows a severe hit to the regions.

The Infometrics Board has some new faces and a new Chair, as we farewelled co-founder and former Chair Andrew Gawith.

For our Chart of the Month, Paul Barkle digs into where travellers who are still in New Zealand are situated.

And finally, we outline how to go about organising a presentation from Infometrics, to help inform decision makers and hear about the factors that will determine New Zealand’s future.

Examining NZ’s slow path to recovery
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New Zealand is slowly moving from the response to the recovery phase of the COVID-19 pandemic. This shift in focus means we’re trying to understand what New Zealand’s recovery path might look like, and where job opportunities might be five years from now. In an earlier article, we looked at industry-level job losses in the short term to March 2021.
Will COVID-19 continue the downward trend in regional inequality?
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The COVID-19 pandemic will see very few winners. We will all come out poorer and worse off, but some will lose more than others. Low skilled workers, young workers, Māori and Pacifica workers are more vulnerable and likely to be hardest hit. These effects will exacerbate existing inequalities.
New Zealand infrastructure spending lags international partners
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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 – From airline to online
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Over the past three months, much of New Zealand’s workforce (including the Infometrics team) has become far more accustomed to working from home, and to communicating with clients and teammates via Zoom, Teams, and other platforms.