As we reach the close of the third quarter of 2020, the latest statistics on the New Zealand economy give us a picture of the depth of the recession in the first half of the year, with the domestic economy contracting 12.2% in the June quarter. GDP is the topic of the month, and while the contracting economy is no surprise with the strict lockdown measures, NZ’s performance is perhaps a little better than expected when compared with The Treasury’s Budget forecasts back in May (green line in graph below left). The September Pre-election Economic and Fiscal Update expects GDP to rebound in the next quarter.
Te Waka Economic Radar 2 October 2020
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Te Waka to cease operating as independent economic development agency
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Feisst Group prioritises collaboration and core values as it grows
Feisst Group has forged an impressive growth path in recent years. The group’s footprint has expanded with the acquisition of multiple new businesses, and it has emerged as a market leader due to its diversity in the building services arena.
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Unleashing creativity - the key to workplace wellbeing
In today’s dynamic and competitive business landscape, characterised by rapid technological change, economic uncertainties and ever-increasing demands, the quest for workplace wellbeing has become more pressing than ever. Creativity Every Day, an initiative spearheaded by the team at Creative Waikato, recognises the connection between wellbeing and organisational performance.
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Business Sentiment Survey results: Waikato businesses show resilience amid economic challenges
Survey results released today show Waikato businesspeople are maintaining a level of pragmatic optimism, despite tough economic conditions and the prospect of a continued recession. Latest findings from the Waikato Business Sentiment Survey, undertaken by regional economic development agency Te Waka, show that despite a slight decline in overall sentiment, businesses remain optimistic with 43% expressing confidence in their own performance and 48% anticipating an upturn in the regional economy over the next 12 months.
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