dc.contributor.author Nana, G
dc.contributor.author Sanderson, K
dc.contributor.author Leung-Wai, J
dc.contributor.author Shirley, I
dc.contributor.author Wilson, D
dc.contributor.author Neill, CM
dc.contributor.author Slack, A
dc.contributor.author Stokes, F
dc.contributor.author Norman, D
dc.contributor.author Lynn, A
dc.date.accessioned 2012-01-27T01:59:59Z
dc.date.available 2012-01-27T01:59:59Z
dc.date.copyright 2009-11
dc.date.issued 2012-01-27
dc.identifier.uri http://hdl.handle.net/10292/3314
dc.description.abstract BERL 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.sponsorship Funded by the Auckland Chamber of Commerce
dc.publisher BERL Economics and Institute of Public Policy, AUT University
dc.publisher AUT University
dc.relation.ispartofseries number 1
dc.relation.uri http://www.berl.co.nz/1106a1.page
dc.rights Auckland 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.subject Auckland; Economic forecast; Economic analysis
dc.title The Auckland economy: situation and forecast, November 2009
dc.type Commissioned Report
dc.rights.accessrights OpenAccess

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