It’s results season for many of New Zealand’s biggest corporates, which find themselves awkwardly announcing large profits, with the wage subsidy helping them get there. We’re now approaching six months since the dread of late March, when over the course of a few fearsome days New Zealand closed its borders, locked its population inside and … Read more
In this Herald Premium article, the NZ Herald’s Matt Nippert and Keith Ng pick through forecasts and data to find an economy doing better than anyone predicted. As Auckland confronts a second round of community transmission, the gap between predictions and reality might hold clues that can help government and business safeguard the economy. When … Read more
New polling shows New Zealanders expect to see the environment take a back seat to economic recovery, little change in fortune for low-paid essential workers, and a long wait for tourism to return to pre-Covid 19 levels, writes Stephen Mills of UMR Research. There’s been a lot of speculation about what changes the Covid-19 pandemic … Read more
New Zealand has crushed Covid-19, but now the government must devise a resilience strategy that will ensure our independence and sovereignty are protected in the post-Covid world, writes Anne-Marie Brady in this paper for the SSANSE Commission for a Post-Covid Future at the University of Canterbury. New Zealand has emerged from eight weeks of Covid-19 … Read more
With a mandatory four-week shutdown about to come into force to prevent the spread Covid-19, New Zealand’s economy faces one of the most uncertain periods in its history. We ask two leading economists to help us find meaning in the madness. There may come a time in the next few days or weeks when you … Read more
The government’s books are now expected to go into the red this financial year with a forecast deficit of $900 million, down from a budget forecast surplus of $1.3 billion. The government will borrow $12 billion to spend on transport, schools, hospitals and investment in the regions over the next five years, in a bid … Read more
He was the prototypical high school nerd, hanging on Don Brash’s every word. Then the financial world turned upside down. This is the story of how Kiwibank’s Jarrod Kerr became a most unconventional economist. In 2008, Jarrod Kerr was working at the Commonwealth Bank of Australia when the global financial crisis hit like a financial … Read more
Outsized economic growth is becoming more of a threat than an opportunity in the Mediterranean tourist Mecca and New Zealand should take note, writes financial planner Chris Lee. Any business – indeed, any country – that does not carefully consider ‘right sizing’ is at risk of failure caused by inappropriate, unsustainable growth. Ask former Fletcher … Read more