The Canterbury earthquakes have disrupted lives and the economy. This Insight brings together key economic indicators to provide a snapshot of the economic disruption. The true cost of the disaster will not be known for some time. The immediate clean-up and reconstruction is boosting demand in certain sectors like utilities, construction, safety, healthcare and social assistance. These have not fully offset reduced activity in other sectors.
Each year NZIER devotes some of its resources to undertake and make freely available economic research and thinking aimed at promoting a better understanding of New Zealand’s important economic challenges. The preparation of this paper was funded from those resources.