Assessing economic trends across local economies in 2022
Infometrics recently published the 2022 Regional Economic Profile, which provides an in-depth description of the structure and performance of regional and local economies. This article examines some of the economic trends we observed over the year ending March 2022, with a focus on economic performa...
Media Release: Solid regional economic results at end of 2022, ahead of disruption from Cyclone Gabrielle
How important are cruise ships to local tourism?
Cruise ships have been making headlines again this summer for all the wrong reasons. Port calls have been cancelled because vessels are not meeting biosecurity standards. To make matters much worse, Cyclone Gabrielle has upended cruise ship plans in the Eastern North Island coast. Here we look at the importance of cruise ships to regional economies.
Should agriculture get a free pass on emissions?
New Zealand has a price on greenhouse gas (GHG) emissions, primarily carbon dioxide emissions. This pricing mechanism is the essence of the Emissions Trading Scheme (ETS). The scheme will over time, given a cap on total emissions, lead to lower gross emissions and lower net emissions (gross emissions less sequestration by forestry).
Chart of the Month: Will the fuel excise duty reduction ever end?
In March 2022, the government implemented a reduction in the tax it charges on fuel, discounting the fuel excise duty (FED) by $0.25/L. This “temporary” measure has been repeatedly extended over the last year and is currently set to finish at the end of June 2023. With an election in October 2023, and our outlook for fuel suggesting that prices will remain elevated over the next five years, we find it unlikely that the reduction will simply end mid-year.