Infometrics August newsletter
Lockdown 2.0 delivers a setback to NZ economy
New Zealand remains at Alert Level 4 as we work to stamp out the COVID-19 Delta variant from the community. Level 4 is a tough blow to the economy, and the immediate impacts are becoming clear. New Zealand’s economy has shown itself to be reliant in the face of COVID-19, and we expect a similar bounce back in activity once Alert Level restrictions are eased. A week into Lockdown 2.0, we highlight how the economy has responded, and what might be next for activity.
Media Release: Regional economies show resilience ahead of Alert Level 4 economic hit
New Zealand’s economy continued to strengthen and grow in the second quarter of 2021, with regional economies driving economic activity. The June 2021 quarter Infometrics Quarterly Economic Monitor shows a further improvement in economic conditions, driven by rising employment, upbeat households, and rocketing building activity. The stronger economic results for the regions position the New Zealand economy well to tackle the latest setback as the country moves to Alert Level 4.