Employers used immigration of cheap workers to keep growing at the end of 2017, putting off the tough decisions and investment needed to boost productivity and real wages. Thomas Coughlan reports.
The GDP numbers released by Statistics NZ on Thursday morning make for mixed reading, with a hot summer hitting New Zealand's dairy industry.
For samplers of Newsroom Pro's daily email, here's our first email of the year, which looked at
In today's email we look at the latest GDP figures, and the latest recommendations from the OECD on how to tackle the productivity issues they reveal.
The OECD has offered up a cure for New Zealand's economic achilles heel of poor productivity, but it's also hopeful that recently strong immigration will drive an improvement in the long run.
In today's email we preview the GDP figures due out this morning, and look at the latest house price and sales volume statistics.
It will be steady-as-she-goes vs a pledge of being a safe pair of hands.
In today's email, we look at the latest National Accounts which show productivity remains woeful, we ask just how many new social houses are going to be built in Auckland, and we detail why both Uber and taxi firms are unhappy with the latest recommendations out of the Transport and Industrial Relations select committee.
Bernard Hickey looks inside the spreadsheets of the National Accounts for the 2016 year and finds a fast-growing overall economy, but one that is not generating much output growth per person. Record high net migration and a buoyant services sector helped expand the economy and offset weak manufacturing and farm output in the December quarter.
For the convenience of subscribers, here's my weekend column in which I argue Bill English should refocus economic policy on increasing GDP per hour worked, rather than just total GDP.