Jarrod Kerr 
New Zealand’s economy is officially in a recession, with statistics released today revealing a record 12.2% decline in GDP. But as Jarrod Kerr of Kiwi Economics writes, it’s now time to focus on recovery. As economists, we love trawling through data. But we’ve never seen anything like this. This is traumatic. Service exports were stonewalled, … Read more
Kiwibank’s chief economist Jarrod Kerr looks back to SARS, and into the future, to help make sense of this once-in-a-generation economic storm. Covid-19 has drawn comparisons to the 2003 SARS outbreak, but those who lived through that should know that this is a very different era. Hits to our short-term confidence, business’s supply chains and … Read more
Business confidence is at its worst level since the financial crisis and interest rate cuts aren’t doing the job. The government needs to step up, writes Kiwibank chief economist Jarrod Kerr. Business confidence is crumbling. In two surveys out this week firms have highlighted weak demand, capacity constraints, government policy uncertainty, and poor pricing power … Read more
Kiwibank chief economist Jarrod Kerr witnessed the Global Financial Crisis (GFC) first-hand in the trading rooms of investment banks in Sydney and Singapore. Ten years on from the Lehman Brothers collapse, he recalls the mayhem of 2008 and ponders what we’ve learned. I’d never seen anything like it, and I hope I never see anything … Read more
Auckland has long been NZ’s economic engine, but these days the rest of the country’s doing pretty well too – and maybe even better, says Kiwibank’s chief economist Jarrod Kerr. In Auckland, things are starting to get a little chilly, not just in terms of the weather, but economically too – migration is cooling and … Read more