The latest government accounts are a reflection of our quick recovery from the first lockdown. But the current domestic and global situation casts a shadow.
A prominent UK economist has recently argued that the UK should cut the number of graduates in half. This article examines whether the same argument applies to NZ.
After holding fire in the August 2021 Monetary Policy Statement, the Reserve Bank has increased the OCR for the first time in seven years as inflationary pressures mount.
GDP growth rates have been erratic because of the stop-go effects of lockdowns, but the economy is in reasonable shape to cope with the latest episode.
Unsurprisingly, retail spending fell off a cliff during the latest level four lockdown. Early signs point to a swift recovery, but, inflation may dampen spirits.
The construction industry has been performing strongly in 2021. But the latest COVID-19 outbreak could have a dampening impact on the industry, especially in Auckland.
Kiwi consumers’ insatiable demand for vehicles drives strong growth in imports.
Many believe faster inflation is inevitable in New Zealand. But, could it be that it’s already well underway for parts of our economy, particularly our businesses?
The official cash rate has been kept at 0.25 percent due to uncertainty of the COVID-19 enforced lockdown.
The COVID-19 pandemic and world-wide border and travel restrictions have reversed New Zealand’s migration trends.
Unemployment rate drops to four percent. What does this imply for inflation and interest rates?
With food price inflation showing no signs of slowing down, a balanced diet may soon be out of reach for many Kiwis.
Annual inflation increased to 3.3 percent in June 2021, the biggest increase in nearly 10 years. New Zealand’s period of low interest rates looks to be coming to an end.
Low-income New Zealanders are stuck at the mercy of inflation, and increasing rental prices. Is there any chance of them owning their own home amidst this housing crisis?
Young New Zealander’s are only accustomed to low levels of inflation. So how will they fare with the expected increases to inflation coming?
The increase in GDP in the first quarter of 2021 was greater than most observers expected, and a few of them had predicted a decrease.
The Climate Change Commission provided its final climate change mitigation advice to the Government detailing the pathway towards a low emissions future for Aotearoa.
COVID-19 has reversed some longstanding migration trends.
The Budget did not secure a Just Transition for New Zealand’s transition to a low-emissions economy; however it does lay some foundations.
After a surprisingly good recovery from COVID-19, we see the 2021 Budget tackling the issues faced by Māori and Pacific Peoples.
Budget 2021 addresses the challenges facing vulnerable communities. However, it fails to take the opportunity to use the strong recovery to be transformational.
Finance Minister says Budget 2021 will take a balanced approach that continues to emphasise investment where it is needed most, alongside careful fiscal management.
The unemployment rate has been slowly decreasing recently. But, could it be that this decrease is just a front, covering for more negative changes in our labour market?
Government spending on superannuation and benefits is growing rapidly, but it is not something that can easily be controlled, except through unpalatable policy measures.
The RBNZ has a new remit to consider house prices, have they got enough tools to meet three antagonistic targets?
New Zealand’s underinvestment in transport infrastructure has been well documented. How does the Government’s spending in this area compare to population and GDP growth?
What does our rapidly ageing population mean for the future of healthcare spending?
Education’s share of GDP has fallen over the past 10 years, and there are worrying signs that attainment has also fallen.
Is New Zealand’s public expenditure keeping up with needs and funding capacity?
GDP in the December 2020 quarter declined by one percent compared to September 2020.
Kiwifruit exports have dramatically increased since 2010, leading now as the highest horticulture export.
New Zealand honey exports have surged in terms of value and volume over the last two years. This has been driven by Manuka honey exports to China and the US.
We look at the market for New Zealand apples. Export receipts are growing fast but there are clear labour constraints.
We all know that NZ performs well in primary sector exports. But it’s not just about meat and dairy. Horticulture exports have grown rapidly during the past five years.
Prior to the COVID-19 lockdown, all child poverty measures were trending down. But over 18 percent of children still live in poverty.
The Government’s rent controls appear to have worked in the middle of 2020, but rent levels bounced back as soon as the controls were lifted.
Almost four million international visitors came to New Zealand in both 2018 and 2019, but COVID-19 has caused the number to collapse to less than one million.
Inflation affects different household types differently. Official statistics show those who spend the most are the least negatively affected.
The 4.9 percent unemployment rate recorded in the December 2020 quarter unemployment rate was lower than expected and employment optimism is improving.
Higher demand for New Zealand Kiwifruit, honey and wine, help them buck the trend as annual merchandise export values decline through the last three quarters of 2020.
BERL will be publishing a series of articles on this website during February, dealing with how COVID-19 impacted many aspects of life in New Zealand.
GDP bounced back from its largest quarterly decline in June to record its largest increase in September. However, the effects of COVID could last longer than the virus.
Ganesh Nana appointed Chair of Productivity Commission
How has the Treasury’ forecast of unemployment changed between September and December of 2020? And how does this compare with BERL and RBNZ?
A given sum in a Kiwisaver growth fund can grow to more than the same sum in a conservative fund. But the right provider can be as important as the right type of fund.
Latest Treasury forecasts show improving Government accounts expected. Stronger economic recovery pushes up expected tax take and jobless projections pushed down.
The Government’s better-than-expected financial situation provides the opportunity to address our pressing challenges in a more concerted – go hard, go fast – manner.
Foreign backpackers and campervanners are often looked down upon. They should be welcomed as future high value visitors and migrants.
Not all New Zealanders earn enough income to cover their everyday costs. Which groups do not have enough income? And what can be done to provide them with enough income?
New Zealand currently has free trade agreements in place with all the countries that are part of the RCEP.
Labour set to get at least one more seat after specials are counted, resulting in final standings in next Parliament: Labour 65, National 34, Greens 10, ACT 10, Māori 1.
Net migration hit a post COVID-19 border closure high of 1,130 in the month of August 2020.
By the end of 2020, the RBNZ intends to create an expanded Funding for Lending Programme to provide low-cost funding for banks to lend to households and businesses.
Unofficial datasets show that job numbers in New Zealand have been steady, despite COVID-19. However, there are some clouds on the horizon.
New Zealand has recorded its largest ever quarterly decline in GDP of 12.2 percent pushing us into a recession.
As the fallout from COVID-19 increases, stock markets have had their best six months ever. Why has this happened?
Unemployment low, stock market at all-time high, what happened to the recession?
The availability of alcohol decreased in the second quarter of 2020, reflecting the impact of the lockdown on the hospitality sector.
The RBNZ is preparing for a long haul. It would do well for all businesses, organisations, family, whānau, iwi, and communities to similarly prepare for such a long haul.
The unemployment rate fell to 4.0 percent in the June quarter, but this figure can be dismissed as disguising the true state of the labour market and the wider economy.
Collecting fees for isolation may cost New Zealanders more than it is worth.
Since the onset of COVID-19, there have been many people re-imagining Aotearoa and questioning our vision for Aotearoa.
With more renters than ever, Tenancy Services received fewer new tenancy bonds in the last year than 1998.
Statistics New Zealand have begun work on the 2023 Census. Can they deliver a high quality Census result with a high participation rate?
Investing in the suggested projects, in a way that honours Te Tiriti o Waitangi, would support or create jobs, communities, businesses, and markets....
Will it be a valuable addition to New Zealand's economic activity monitoring, or will it drown in a sea of indicators?
A surge in domestic tourism has seen an increase in booking short-term rentals for July.
New Zealand’s economy takes one of its largest ever quarterly tumbles, despite COVID-19 lockdown starting at the end of March.
Investing in regenerative and distributed farming in a way that honours Te Tiriti o Waitangi would support a wellbeing-based economy.
Investing in renewable and decentralised energy in a way that honours Te Tiriti o Waitangi would create meaningful markets and employment.
A presentation from our Data Manager Hugh Dixon on how and why local and regional councils could make use of Census data to monitor and plan for the future
The next COVID step is to carefully open some borders. Maybe with the 'Early Movers', but Southeast Asia and China could have lower risks and higher rewards.
Should we save for now, or do our part in stimulating the economy?
Kiwis are coming home in considerable numbers. Many will bring with them valuable skills and experience, which will be important in rebuilding the economy.
One blue fiscal response, one red. Both extraordinary. Both conventional. The latter was an opportunity missed; the former is an opportunity hanging by a thread.
A $1.6 billion Trades and Apprenticeships Training Package aims to keep people in employment and provide opportunities for those who lost jobs during the COVID-19 crisis.
Big headline increases in housing and health fund improved access for increased demand, but no transformational funding for the social sector and education.
Since it entered power the Government has shown commitment to maintaining and improving our environment.
A $50 billion response and recovery fund is clearly much more than a textbook response. But job losses and community pain will need more support in coming months.
Fit for a rainy day? We discuss our initial reactions to today’s budget. (Video)
Now that the rainy day has inarguably arrived, we discuss if this Government will shed its priority fiscal prudence cloak?
Economic projections for the year are looking grim, while stock markets are looking optimistic.
At Level 4 and Level 3 “We got this!” How has our Team of 5 million done?
Now that the rainy day has inarguably arrived, can this Governement shed its priority fiscal prudence cloak?
The doughnut model encapsulates that economics should be about “meeting the human rights of every person within the means of our life-giving planet.”
NGOs are under increasing pressure, with a rise in demand for their services and insufficient funding.
Kiwis should be encouraged to discover their own country. Districts need to appeal to domestic visitors.
In 2006, new residential houses averaged 191 square meters in size. By 2010, the average size of new builds had increased to 200 square metres. Has this continued?
We have an opportunity to invest in smart, digital and green infrastructure that will mitigate climate change and protect the environment.
Local government must reject the austerity route peddled by some and be openly more active in the post-COVID economy to underpin community wellbeing.
The COVID-19 outbreak will re-shape the future behaviour of individuals, families, whānau, organisations, businesses, and governments.
We look at the track of new and recovered cases of the virus to see whether the New Zealand community is likely to be able to make that claim by 20 April.
Government budgets are different to households. Those saying they are the same are usually protecting the status quo of existing asset owners.
A quick summary of what might happen as New Zealand looks to bounce back from the impact of COVID-19 on the economy. We look at what this means for GDP and unemployment.
Will the decline in demand for AirBnB and similar visitor accommodation be a gain for affordable housing?
With so much uncertainty surrounding the immediate future in the face of COVID-19 we look at the government response and what this might mean for returning to 'normal'.
In this series of three articles, guest contributor Dr Geoff Bertram debunks many of the myths surrounding government financial arrangements.
Turuki, Turuki, a new report from Hāpaitia te Oranga Tangata looks to the future and makes recommendations on how we can transform our criminal justice system.
The number of cases of COVID-19 virus in the world’s wealthier places like Europe and USA seem to be higher than in the poorer ones like Africa, or even Asia.
COVID-19 has led to the shutdown of international travel and with it the tourism industry. This will be a real blow to New Zealand’s export figures.
It’s only three months into 2020, but we already have the word of the year: unprecedented.
Depending on the specific impacts facing your business there are a range of the relief policies that could help you get through the COVID-19 lockdown.
The 2018 census gives insight into the extent of the mould problem in New Zealand housing.
With the possibility of a deep and prolonged recession because of COVID-19, the news about what happened to GDP in the December 2019 quarter might well pass unremarked.
“Be strong. Be kind. We will be OK.” A rallying call from the Prime Minister accompanied the release of today’s economic support package by the Minister of Finance.
We are looking for a strong senior professional to manage and lead teams and contribute to tackling the challenges our clients face.
Decentralised Autonomous Organisations (DAOs) are now a thing. This technology offers a new way to cooperate.
For the 2018 Census the overall response rate was 83.3 percent, compared to 92.2 percent for the 2013 Census, a serious decline in the overall response rate.
Under a true wellbeings approach the criminal justice system will require significant transformation.
Fresh from the media lockup, Chief Economist Ganesh Nana, Senior Economist Nick Robertson and Senior Researcher Amanda Reid discuss their impressions of the budget. (Vide
The end of January marks the beginning of the school year, some parents will be reeling at the cost of sending their children off to get a "free" state funded education.
We delve into the figures to examine who it is that is moving into work.
Mark explores the BERL library and finds a few gems worth holding on to.
Similarities and differences in the fire risk and response between California and New Zealand.
The latest resident population estimates have New Zealand edging ever closer to five million people.