20 September 2016
NZIER’s Monetary Policy Shadow Board recommends the Reserve Bank keeps the Official Cash Rate on hold this Thursday at 2 percent. While the Shadow Board had a wide range of views, on balance there is still an underlying preference for a cut in the rate.
The release can be read here.
16 September 2016
Local government regulatory activities have an important effect on local and regional economic growth and, ultimately, national economic growth and community wellbeing. This places a premium on local government organisations having high quality policy advice and decision-making processes in place. High quality policy advice, which supports good regulatory design and implementation and sound investment decisions, is critical to improving performance.
Read the full Insight here.
13 September 2016
The NZIER Economics Award for 2016 was presented to Professor John Creedy at NZIER’s AGM & dinner.
The full citation can be read here.
Read about the NZIER Economics Award here.
02 September 2016
The media release can be read here.
31 August 2016
The solid momentum in the New Zealand economy should provide a buffer against the more fragile global outlook. Geopolitical uncertainty in the United Kingdom and United States, along with the slowing in the Chinese economy as it continues to rebalance, pose downside risks to the demand for New Zealand’s exports. But the outlook for key exports remains positive and domestic demand remains strong, as we expect the effects of strong population growth will continue to ripple across the sectors and regions in New Zealand. We continue to expect annual GDP growth will average just under 3% beyond 2016.
Quarterly Predictions an independent take on the New Zealand economic outlook is available exclusively to NZIER’s members.
The media release can be read here.
Growing up in Auckland: mapping drivers of residential land growth, NZIER public discussion paper 2016/3
13 July 2016
NZIER’s Public Good discussion paper Growing up in Auckland? Mapping drivers of residential land growth was released today. In this paper we decomposed growth in residential land into population growth, household size, and land use per capita. We found that the growth in residential land between 1996 and 2013 was identical to the rate of population growth: 28%. Population density has not change significantly during that period. Auckland's urban regulations have pushed Auckland outwards, but not upwards.
The discussion paper can be read here.
Businesses chipper as concerns about softening demand prove unwarranted - Quarterly Survey of Business Opinion, July 2016
05 July 2016
The latest NZIER Quarterly Survey of Business Opinion shows a rebound in business confidence in the June quarter. Demand held up over the quarter, against expectations earlier this year of a softening in demand.
A net 22 percent of businesses saw increased demand over the past quarter, with a net 19 percent expecting an improvement over the next quarter.
The improvement in sentiment was widespread across the sectors and regions. Nonetheless, there remains a divergence in business confidence between the urban and rural regions, reflecting the differing fortunes of the tourism and dairy industries. Although business confidence in dairy-intensive regions including Taranaki and Southland improved, pessimists still outnumbered optimists.
28 June 2016
More than food and hobbits: Digital Nation New Zealand
On 21 June, the New Zealand Technology Industry Association (NZTech) released its report “Digital Nation New Zealand: from Tech Sector to Digital Nation”.
NZIER conducted the economic research for the report. NZIER's brief was to estimate the economic footprint of the tech sector in New Zealand.
14 June 2016
In nine days, the United Kingdom (UK) goes to the polls to decide whether the UK should leave or remain in the European Union (EU). With the polling trends moving towards a ‘Leave’ vote in recent days, a new NZIER report “Do you think you’re better off alone?” explores what Brexit might mean for New Zealand.
Read the full report here.