I decided to test whether new or existing businesses are the engine for jobs growth in regional New Zealand. From an economic development perspective, these insights can help inform the extent to which resources should be focused on business attraction or building up resilience of existing enterprises.
The Reserve Bank’s target interest rate, the Official Cash Rate (OCR) has been slashed to a record low of 1.00%. Against a backdrop of a burgeoning international trade war, Reserve Bank Governor Adrian Orr is worried about being left behind in an international race-to-the-bottom to devalue currencies and support exporters.
Statistics NZ realeased its hotly anticipated Indicators Aotearoa dashboard. The dashboard was supposed to provide more than one hundred indicators of wellbeing, but instead we have been delivered a wireframe - filled with placeholders and patchy actual data.
Houses in New Zealand have gotten expensive, even in off-the-beaten-track communities in the central South and North Islands. Some opportunistic real estate commentators have been quick to attribute these sharp gains to skiers’ demand. In a recent interview, I poured cold water on this logic, and cautioned wannabe investors expecting to make a quick buck from buying a bach in Timbuktu.