27 August 2014
Economy past its peak so interest rates on hold until 2016
The economic recovery is past its peak. The New Zealand economy grew strongly through the first half of 2014, but the pace is slowing. Economic growth will ease from 3.5% in 2014 to a still respectable 2.7% in 2015. Rising interest rates are biting, as seen in falling house sales and waning confidence. More uncertain global demand casts a shadow over the outlook
An independent take on the New Zealand economic outlook is available exclusively to NZIER’s members in the latest Quarterly Predictions.
You can read the full media release here.
25 August 2014
Investing wisely today for the New Zealand of tomorrow requires a detailed understanding of how many people there will be and where we will work and live. Billions of dollars of infrastructure spending are at stake. Yet past estimates of New Zealand’s population, on which these investments are based, have been inaccurate. Users should demand more from their population forecasts. New population forecasting methods can make material improvements to the long-term investment decisions crucial to New Zealand's progress.
You can read the full Insight here.
31 July 2014
NZIER with Auckland Council recently hosted a session with Alain Bertaud – a self-professed urbanist at NYU Stern's Urbanization Project. Much of Alain’s work brings together planning and economics to demonstrate what we can expect policymakers to deliver for our cities.
NZIER in conjunction with the New Zealand Initiative have organised Alain's visit to New Zealand. He is visiting policymakers across the country in addition to giving public lectures in Auckland, Wellington and Christchurch. Alain has kindly made his presentation available here.
23 July 2014
NZIER’s Monetary Policy Shadow Board recommends the Reserve Bank moves the Official Cash Rate from 3.25 percent to 3.50 percent on Thursday – but with caution.
You can read the full release here.
18 July 2014
One of the key findings from our latest report – The home affordability challenge – is that New Zealand’s crippling home affordability rates cannot be fixed by a single solution such as changing immigration policy or urban planning rules, or imposing a capital gains tax or lending ratios. You can read the report here.
12 July 2014
This paper highlights the similarities and differences in regional economies, the drivers of past performance, and how that performance is shared in the community (GDP versus household income, for example). It warns future social and demographic trends – such as continued urbanisation and ageing populations – will favour complex, urban centres to the detriment of regional communities. You can read the paper here.
09 July 2014
Professor Gary Hawke, Associate Senior Fellow at NZIER, was last week awarded life membership by the New Zealand Association of Economists, in recognition of his significant contribution toward the development of the Association and the economics profession in New Zealand.
At the recent function for the Prime Minister's Awards for Educational Excellence, Gary was also the inaugural recipient of the Minister of Education's Award for Lifetime Contribution to Raising Educational Achievement.
We congratulate Gary on his contributions being recognised and acknowledged.
08 July 2014
The economic recovery moderated a little in the June 2014 quarter, according to NZIER's Quarterly Survey of Business Opinion. The moderation was widespread across indicators: confidence, experience and future expectations. While the momentum has slowed, the pace of growth remains robust and there continues to be employment growth and strengthening inflationary pressures.
02 July 2014
A new Insight from the New Zealand Institute of Economic Research (NZIER) says the Bank of England’s new approach to managing financial stability risks is better targeted than New Zealand’s loan-to-value (LVR) restrictions. You can read the full Insight here.
18 June 2014
The annual NZIER Economics Award promotes and recognises excellence in economics of relevance to New Zealand.
Read about the NZIER Economics Award here.