I truly don’t get it. Many financial market commentators appear to be saying that because the New Zealand economy is a rock star, we need to now endure increases in interest rates.
The release of data from the 2013 Census makes for interesting reading. The available data remains at the headline level, while the analysis of the relationships between the various measures has to wait for more detailed tabulations and cross-tabulations to become available. At the headline level some observations are informative; although, many beg more questions.
BERL is proud to be associated with the 2014 New Zealand Festival as a corporate patron. BERL has been associated with this iconic Wellington event for several years and we look forward to another exciting Festival in February 2014. The influx of performers, visitors and shows adds to the vibrant feel that Wellington is renowned for – see the Festival website for details www.festival.co.nz .
Population factors such as ageing and increased life expectancy among the general population are expected to increase the demand for healthcare. Concern has been raised within the health sector about the future size, skills and attributes of the nursing workforce.
There are a few things about the way we have run the place over the years that I reckon are not the best. First up, are the side effects of the RB increasing interest rates, on the back of forecast consumer price inflation.
A comprehensively underwhelming budget. Holding the line, no surprises, business as usual, things are fine, are the messages.
I often wonder why there is not a much louder call from the populace for an apology from economists given the mess that is the global economic system. Curiously, some economists still wield significant influence in the corridors and power – influence that also continues to be possessed by institutions that were close to the centre of the latest debacle.
Two years ago Christchurch was shaken to its core. The nation held its collective breath, then rallied to its side. It was a time for far-sighted, courageous leadership with a vision for the future – not only of Christchurch and Canterbury, but of New Zealand.
“In the long run we are all dead”, is a much maligned phrase in the economic lexicon, made famous Keynes. Perhaps even more scathing is the not-so-famous sentence that followed the more illustrious quote just mentioned.
In releasing its latest quarterly assessment of prospects for the New Zealand economy, independent forecasters BERL highlight the need to revisit New Zealand’s policy thinking.
BERL recently completed an economic impact analysis of Visa Wellington on a Plate 2012 (the ‘festival’). This year’s festival was the biggest yet, with 108 restaurants participating in Dine and 106 events. Sales for events were over $800,000 and restaurant sales were up over 20 percent during the festival.
Ganesh recently participated in a Te Papa discussion on inequality in the New Zealand economy and potential solutions. Other participants were Cath Wylie, Prof Nigel Haworth, Assoc Prof Mike O’Brien and Max Rashbrooke, with Kim Hill chairing the session. See a video of the discussion here ....
The Engineering, Printing and Manufacturing will hold an urgent summit on Friday aimed at tackling the jobs crisis and building a future for manufacturing in New Zealand.
Proposals to mine and process lignite – a low energy form of coal – in the Southern Region are being developed. However, they could come at a high cost, adding at least 10 percent per year to New Zealand’s greenhouse gas emissions. WWF-New Zealand commissioned BERL to provide practical economic research, analysis and advice on potential economic development opportunities with relatively low carbon emissions.
BERL has a long relationship with Wellington on a Plate. Well, at least as long as Wellington on a Plate has been around. Wellington on a Plate is now in its third year so a little bit longer than that.
“Those who do not learn from history are doomed to repeat it”. So, just when we need them, it seems there are not many history scholars out there. Yes, the growth versus austerity argument is with us again.
BERL has estimated the asset base of the Māori economy to be $36.9 billion in 2010. And for those who think this is all due to Treaty of Waitangi settlements, I’d humbly point out that such settlements have barely reached $2 billion. This story is bigger than Treaty settlements, much bigger; and not just in quantitative or numerical, terms.
With most of the Budget decisions having been preannounced, there were only a few aspects that I was particularly on the lookout for at this year’s lockup.
The Government has decided to press ahead with its (partial) asset sale programme. So be it. But, I continue to ask myself the question: why sell assets? I ask, because despite the rhetoric, sloganeering, and fear-mongering from all and sundry, the argument over any sale of assets is pretty clear and simple.
In releasing its latest quarterly assessment of prospects for the New Zealand economy, independent forecasters BERL paint a dismal picture for the immediate future.
BERL has just released research for Philanthropy New Zealand that estimates New Zealanders gave $2.67 billion to charitable and community causes in 2011. This is more than double the estimate in BERL’s previous study in 2006. This moves New Zealanders’ generosity (as a share of GDP) up the ranks to second behind USA and ahead of Canada, Australia and the United Kingdom.