The Auckland economy: situation and forecast, March 2010
The recovery of the Auckland economy is by no means a foregone conclusion. David Wilson
The Institute of Public Policy's Director, David Wilson.
That’s the message from Business and Economic Research Limited (BERL) and the AUT Institute of Public Policy’s (IPP) latest economic forecast for Auckland.
The second report in the quarterly series was launched today and forecast some improvements in various sectors but continued slow growth or the status quo in others.
In summary BERL forecasts for Auckland:a marginally brighter picture for manufacturing exports; but a difficult year for exporters selling to the US and European markets, modest (at best) employment growth; another ‘stand still’ year for the retail sector; considerable growth in house building activity but overall only “catching up” to lost activity; net migration gains in the short term, but easing over the medium to longer term as Aucklanders look to greener pastures across the ditch