NZ’s economy is recovering. So why doesn’t it feel like it?
New Zealand’s economic data is finally showing some signs of life – but for many businesses and households, it certainly doesn’t feel like a recovery.
Nearly 3,000 hospitality businesses ceased trading in the past year, liquidations remain elevated, and unemployment is likely to take longer to turn around. At the same time, confidence is improving and economists are increasingly optimistic about what comes next.
Liam Dann and Tamsyn Parker look at the conflicting signals in the economy, why the recovery may take time to reach ordinary New Zealanders, and what NZ’s…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.