Budget 2024: Regional economic development takeouts
I had the pleasure of attending Budget 2024. Rather than get swamped in the detail, I dedicated my focus to unpacking what is in the Budget for regional economic development.
Monthly Archives: May 2024
Inflation expectations down to 3-year low!
The Reserve Bank of New Zealand is likely pleased with the decline in one- and two-year ahead inflation expectations, especially the two-year measure near the midpoint of the 1% to 3% target band.
Economic impacts of spa and wellness tourism in Rotorua
The “Economic impacts of spa and wellness tourism in Rotorua” report, provided by New Zealand leading regional economist Benje Patterson, has unveiled significant positive economic impact and shown the city's prominence as a premier destination for relaxation and rejuvenation.
Labour market cooling evident
If further labour market weakness is coupled with any significant downward surprises in inflation or economic performance then the Reserve Bank could begin to consider initiating OCR cuts earlier than anticipated.