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Infometrics July newsletter
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July 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.

Employment to be key Election 2020 battleground
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With the 2020 Election in September closing in fast, Infometrics has again examined how the economy has performed this electoral term and what that might mean come election day. Yet as New Zealand heads to the polls in just under three months, there needs to be a much greater focus on how to rebuild the economy. Jobs, and how to keep and create them, will be the defining issue of Election 2020.
A chance to supercharge the night-time economy
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The night-time economy is generally defined as businesses that do the majority of their trading between 6pm and 6am. In 2019, Infometrics estimates that New Zealand’s core night-time economy was worth almost $10b in economic activity and supported over 180,000 jobs (7% of total employment).
Media release: Economic fall-out of COVID-19 to be fully felt in 2021
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New Zealand’s successful public health response to the COVID-19 pandemic should not be taken to mean our economic struggles are over, according to Infometrics’ latest forecasts. Given that life has largely returned to “normal” at Alert Level 1, economic outcomes in the near-term will be better than initially feared. However, the full effects of the border closures, business failures, and job losses will only become apparent over the next 18 months.
A delayed, but not denied, economic effect
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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.
A day in the life of an economic software developer – Robin Arulanantham
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Infometrics welcomes a new member to our dynamic IT Team. Robin Arulanantham has recently relocated from Dunedin, and we chat to him about what a typical day is like for him.