It’s been another month of constant change for the New Zealand economy, with the Omicron outbreak now seeing tens of thousands of cases a day. The global outlook has darkened considerably with the Russian invasion of Ukraine, and this month Principal Economist Brad Olsen examines at a high level what the implications might be for the New Zealand economy.
Senior Economist Rob Heyes digs into how the labour market is changing and recovering, and what broader trends across different demographics means for the New Zealand employment outlook.
Our updated Regional Economic Profiles and Sector Profiles are also now available, and Brad details what our data shows about the economic effects of COVID-19 on local economies and industries over the first year of the pandemic.
It’s been a busy month for the Infometrics team; last week we published our latest Quarterly Economic Monitor for the end of 2021. As Brad’s media release outlines, regional economies showed a determined bounce back at the end of the yar, but Omicron looks set to disrupt that growth.
Finally, we round out the February 2022 newsletter with our Chart of the Month, where we analyse the additional weekly costs of essentials that Kiwi households are facing.
