Emergency cut to reassure stability of NZ banking system
The banking space will see further rapid changes this week in response to developments internationally. We are now in full-blown financial, as well as public health and economic crisis mode.
Benje Patterson
Interview: Trump’s US-Europe travel ban NZ effects
Trump's travel ban on Europeans entering the US caught airlines, policymakers and travellers off guard. Coronavirus now poses a crisis-trifecta: Public health, economic and a financial crisis.
Air NZ needs to go back to its global financial ...
Things may get worse, before they get better, but Air New Zealand is a seasoned survivor. Following the Global Financial Crisis, the airline was one of the few to come through unscathed, remarkably remaining profitable even when the sky fell in for other airlines.
Novel coronavirus’s regional economic impact
The economic impacts of coronavirus are already being felt in our regions. With this context in mind, it is important to recap some of the key channels through which regional economies are being affected.
The value of cultural wellbeing
Inclusive economic development is about ensuring that nobody is left behind. Not only is culture important for giving people a sense of identity and inclusion, but culture can also play a more direct role in local development.
Less hui, more do-ey – please!
Over the summer break I was one of several economists asked to give our hopes for 2020. My response focussed solely on government action. I wanted to see less hui, more do-ey in 2020.
Upcoming training sessions in your area
During March, I will be presenting two courses at locations throughout the country. The courses will cover measuring wellbeing in the regions and how to incorporate wellbeing into applied decision-making frameworks. EDNZ’s World of Learning offers the most affordable, best value training for economic developers ever to be provided in New Zealand.
What I will be watching in 2020
The outlook for 2020 is still one of grumpy growth. The economy is likely to continue growing, but in a little bit of a higgledy-piggledy fashion. As I survey the year ahead, I see a fanning of risks on the horizon for 2020.
Top 5: regional economic development
Shane Jones’ $3 billion Provincial Growth Fund has shone a light on regional economic development. But there are still a lot of misconceptions about what regional economic development is and what projects hope to achieve.
Kiwis owe $92,000 for every man, woman and child
Private sector debt in New Zealand stood at $456bn in March 2019, the equivalent of almost $92,000 for each of our 4,957,400 men, women and children. This article explores the key contributors to this debt, as well as basic rules of thumb to put this debt in context.
Getting geography right for economic development
Too often economic development practitioners have the places they focus on dictated by political geography rather than the economic geography of those they are trying to help. Before beginning any economic development strategy, or even project for that matter, you need to get your geographical perspective right.
When good people leave
I am proud to have supported this documentary produced by Storyworks, with funding from NZ on Air. The documentary looks at the human side of Queenstown's severely unaffordable housing.