Central money towers above local funds
New wellbeing data boosts the refreshed Regional Economic Profile
How the recession is playing out across industries
New Zealand entered its first non-lockdown recession since 2010 in the March 2023 quarter, with GDP shrinking 0.1%, following a 0.7% contraction the previous quarter. Although this slight decline in GDP confirms that the Reserve Bank’s interest rate rises are having their desired effect, the range of results across different industries shows that some parts of the economy are hurting more than others.
Chart of the Month: Masterton jumps up the wellbeing rankings
Over the past six years Masterton’s wellbeing has improved its relative position in six out of nine wellbeing domains. In our chart of the month, we showcase the district’s movement up the wellbeing rankings using the Infometrics regional wellbeing framework available in the newly refreshed Regional Economic Profile.