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Economy

Your search for "Economy" found 21 results


250k jobs could go in ‘greatest shock’ in a century – Infometrics
21 May 2020   /

250k jobs could go in ‘greatest shock’ in a century – Infometrics

Tourism and construction dependent regions are most at risk, say the economists.


Bay of Plenty to escape the worst of Covid-19 impacts – report
20 May 2020   /

Bay of Plenty to escape the worst of Covid-19 impacts – report

The Covid-19 crisis may not have as severe an impact on the Bay of Plenty as other parts of New Zealand, says the Bay of Plenty Regional Council.


Former Wayfare boss, TIA chair calls for scrapping of alert levels
7 May 2020   /

Former Wayfare boss, TIA chair calls for scrapping of alert levels

Former Wayfare boss, Richard Lauder, has called for the scrapping of alert levels arguing they were constructed for an upward path into lockdown, not for a move out of lockdown and a restoration of economic activity.


Reserve Bank highlights hit to tourism, prompts calls to ease restrictions
7 May 2020   /

Reserve Bank highlights hit to tourism, prompts calls to ease restrictions

The report’s findings have prompted renewed calls from industry for a loosening of travel restrictions.


NZ’s borders shut for up to a year under new Treasury scenarios
14 Apr 2020   /

NZ’s borders shut for up to a year under new Treasury scenarios

Unemployment could range between 13% – 26% as New Zealand tries to cope with the impact of Covid-19.


Recovery winners will be “those set up to thrive in challenging environment” – ASB
7 Apr 2020   /

Recovery winners will be “those set up to thrive in challenging environment” – ASB

Prepare for a “tumultuous” year ahead with the winners being “those that are set up to thrive in a challenging environment”, says ASB.


Business confidence plunges in March – ANZ
1 Apr 2020   /

Business confidence plunges in March – ANZ

Business confidence plunged over the second half of March as the Covid-19 outbreak become a global pandemic, says ANZ.


Long haul for tourism as coronavirus could cost 200k jobs – banks
30 Mar 2020   /

Long haul for tourism as coronavirus could cost 200k jobs – banks

Tourism is in for a long haul back to pre-pandemic levels with the outbreak costing around 200,000 jobs, according to the country’s banks.


Tourism puts NZ near top of worst affected economies – OECD
30 Mar 2020   /

Tourism puts NZ near top of worst affected economies – OECD

New Zealand could suffer one of the worst contractions in economic activity due to the Covid-19 lockdown, according to a new report.


Reserve Bank moves to stimulate economy
16 Mar 2020  

Reserve Bank moves to stimulate economy

The Reserve Bank has lowered Official Cash Rate is 0.25% from 1%, and it will remain at this level for at least the next 12 months.


Business confidence falls to GFC lows – ANZ
11 Mar 2020  

Business confidence falls to GFC lows – ANZ

Business confidence fell in March to levels not seen since the 2008 Global Financial Crisis, according to the latest ANZ Business Outlook report. 


Tourism now West Coast’s biggest earner – Infometrics
7 Feb 2020   /

Tourism now West Coast’s biggest earner – Infometrics

Tourism is now the West Coast’s biggest earner, according to economic consultants Infometrics.


Higher airfares boost inflation
27 Jan 2020   /

Higher airfares boost inflation

Rising prices for both international and domestic airfares were one of the main drivers behind a 0.5% increase to the consumer price index (CPI) in the December quarter, according to Stats NZ.


Regions reliant on tourism see slower growth – Westpac
16 Jan 2020   /

Regions reliant on tourism see slower growth – Westpac

Many of the country’s tourist hotspots have seen weak growth in visitor spending, says the bank.


Treasury: Easing tourism contributes to slower, yet solid, growth
12 Dec 2019  

Treasury: Easing tourism contributes to slower, yet solid, growth

The New Zealand economy is experiencing a period of slower, but still solid, economic growth, according to Treasury’s 2019 half year economic and fiscal update.


Visitor slowdown to hit Otago’s Central Lakes hardest
28 Jun 2019   /

Visitor slowdown to hit Otago’s Central Lakes hardest

The performance of tourism is “a concern for the region”, says Westpac.


Visitor market bucks slowing economy in Christchurch and Canterbury
21 May 2019   /

Visitor market bucks slowing economy in Christchurch and Canterbury

Strong growth in spending has outstripped the increase in visitor arrivals.


Deloitte: Tourism can add $11.5bn between 2019-40
3 May 2019   /

Deloitte: Tourism can add $11.5bn between 2019-40

The potential of the sector in five of the country’s regions is highlighted in a new report.


Westpac puts NZ tourism in focus
5 Mar 2019   /

Westpac puts NZ tourism in focus

The sector is slowing but there are some bright spots, says the bank in its latest regional roundup.


WTTC: Global travel and tourism grows to $13 trillion
1 Mar 2019   /

WTTC: Global travel and tourism grows to $13 trillion

The world’s travel and tourism sector grew by 3.9% last year, second only to manufacturing, says a new report.


Westpac’s Stephens: “Downbeat story for  NZ tourism”
20 Feb 2019   /

Westpac’s Stephens: “Downbeat story for NZ tourism”

The bank’s chief economist expects only “muted growth” in the sector in the years ahead.