Rising tide of net migration doesn’t lift all boats
Last week Stats NZ published the latest subnational population estimates – an exciting time for those of us with a regional demographic focus. In theory, these annual population estimates should be boring – population should follow a fairly stable and predictable trend. However, our economic and demographic environment continues to be anything but boring. This article explores how New Zealand’s population growth has changed over the past year, before diving into the surprises of the subnational population estimates.
New Zealand’s most creative city in 2022
Media Release: Slowing inflation paves the way for soft landing
The New Zealand economy is on track for the much sought-after “soft landing”, according to Infometrics’ latest forecasts. Although economic activity is set to remain patchy in coming quarters, year-end growth is predicted to bottom out at 0.9% during 2024, which is an upward revision of more than a percentage point from the trough that had been expected earlier this year.
Chart of the Month: Understanding the diesel price surge
Global diesel prices have surged significantly over the last few months. Driven largely by supply constraints, our Chart of the Month shows how this surge has led to a significant import cost premium over petrol. Elevated diesel prices will have ripple effects throughout both the global and local economies, and risk inflation remaining higher for longer.