Infometrics May newsletter
Budget 2021: Spending boosted, but delivery will be closely watched
The 2021 Budget showed a much-improved economic outlook from the Treasury, but also further raised questions about the ability for the government to execute its ambitious policy agenda. Along the large spending commitments, and improvements in the government’s fiscal position were signs of some restraint.
Did the domestic tourism boost reach the regions that needed it most?
The global tourism industry was hit hard by unprecedented disruption from COVID-19 and ensuing travel restrictions in 2020. In New Zealand, the international tourism tap was firmly turned off. On the flipside, New Zealanders developed a newfound appreciation for their own backyard, ticking our beautiful glaciers, fiords, and more off their bucket lists.
Beware the (in)accuracy of rental data
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.