The Auckland economy: situation and forecast, November 2009

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aut.embargofalse
aut.researcherNeill, Carol May
dc.contributor.authorNana, G
dc.contributor.authorSanderson, K
dc.contributor.authorLeung-Wai, J
dc.contributor.authorShirley, I
dc.contributor.authorWilson, D
dc.contributor.authorNeill, CM
dc.contributor.authorSlack, A
dc.contributor.authorStokes, F
dc.contributor.authorNorman, D
dc.contributor.authorLynn, A
dc.date.accessioned2012-01-27T01:59:59Z
dc.date.available2012-01-27T01:59:59Z
dc.date.copyright2009-11
dc.date.issued2009-11
dc.description.abstractBERL and the Institute of Public Policy at Auckland University of Technology (AUT) have combined to pull together an economic forecast for the Auckland region economy. Latest employment data released last week confirm that the much-heralded end of the recession remains little more than a technicality. This is as true for the Auckland economy as it is for its national counterpart. The net 13,000 jobs shed from the Auckland economy over the past year mean annual employment contracted by nearly 3 percent over that period. Looking ahead, hopes of an export-led recovery for the New Zealand economy have been dashed by an exchange rate that defies any rational assessment of the fundamentals. Consequently, the short-term outlook for the Auckland economy is best described as unstable. Clearly, the next few months will be better than the first half of 2009, but there will be little to celebrate. We forecast: a sombre export picture for manufacturing; modest, at best, employment growth; a subdued outlook for retail trade; import growth slightly above national; net inward migration gains; moderate house price growth; growth in house building activity; guest nights treading water.
dc.description.sponsorshipFunded by the Auckland Chamber of Commerce
dc.identifier.urihttps://hdl.handle.net/10292/3314
dc.publisherBERL Economics and Institute of Public Policy, AUT University
dc.relation.ispartofseriesnumber 1
dc.relation.urihttp://www.berl.co.nz/1106a1.page
dc.rightsAuckland University of Technology (AUT) encourages public access to AUT information and supports the legal use of copyright material in accordance with the Copyright Act 1994 (the Act) and the Privacy Act 1993. Unless otherwise stated, copyright material contained on this site may be in the intellectual property of AUT, a member of staff or third parties. Any commercial exploitation of this material is expressly prohibited without the written permission of the owner.
dc.rights.accessrightsOpenAccess
dc.subjectAuckland
dc.subjectEconomic forecast
dc.subjectEconomic analysis
dc.titleThe Auckland economy: situation and forecast, November 2009
dc.typeCommissioned Report
pubs.organisational-data/AUT
pubs.organisational-data/AUT/Culture and Society
pubs.organisational-data/AUT/PBRF Researchers
pubs.organisational-data/AUT/PBRF Researchers/Applied Humanities PBRF Researchers
pubs.organisational-data/AUT/PBRF Researchers/Applied Humanities PBRF Researchers/APH Institute of Public Policy
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