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Te Waka Economic Radar 10 June 2020

Today marks the country’s second day at Alert Level 1.

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 this week’s Radar show some significant improvement from last week, detailed in this report. We expect reports in the coming weeks will begin to paint a clearer picture of what the shift to Alert Level 1 means for the country and Waikato region.

Three key themes relate to the uncertainty surrounding:

  1. International Markets – many country’s health and economic challenges relating to COVID-19 are still developing (i.e. in early stages relative to NZ).
  2. COVID-19 Free NZ – while this week NZ was marked to have ‘zero active cases’, uncertainty remains as to whether we can maintain this with a ‘less restrictive’ Alert Level 1 environment in place.
  3. 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.

As previously mentioned, we will continue to expand our monitoring and measures as we scan for signs of trouble, stabilisation, or sparks of life.

Note: The following report has been compiled to share the Waikato region’s COVID-19 recovery progress. In all instances, sources are listed to ensure access to data can be found. Information in this report will be updated weekly, with new measures added either by request or as additional information comes to hand.

District level data can be obtained for some of the information contained in this report, please connect with us directly to learn more on this. Te Waka wishes to continue to progress conversations on the streamlining of obtaining this data with our ED community and business.

To provide feedback or find out more on the below information please contact:
Michelle Hollands michelle.hollands@tewaka.nz