As at 3 July, New Zealand is midway through its fourth week at Alert Level 1 status.
Te Waka, with the support of Waikato Regional Council Economists Blair Keenan and Sarah MacKay, continues to collate data to gauge what is happening in the Waikato economy. Charts in today’s Radar show some improvement and stabilisation of trends over the past few weeks.
Due to COVID-19’s relatively stable nature in NZ and to account for various data sources’ schedules of releasing data, we have made the decision to move to publishing Economic Radars on a monthly basis.
Reports are to be published on the first Friday of each month, our next report due 7 August.
As discussed in our last report, there remains uncertainty surrounding:
- International Markets – many countries’ health and economic challenges relating to COVID-19 are still developing / at a relatively early stage.
- COVID-19 Free NZ – Over the past two weeks, NZ has had 23 new cases of COVID-19. Uncertainty remains as to whether these cases can be contained and whether additional cases will emerge under our ‘less restrictive’ Alert Level 1 environment.
- Post Government Survival Investment Stability – Central Government has invested in a number of initiatives to support business survival. Uncertainty remains around the long-term impact / effectiveness of these initiatives.
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