Auckland central's economy surges ahead of the rest

Festive season in central Auckland's Britomart. (Image: Gino Deneer)

Mon, 12 Feb 2024

Auckland’s central city economy is breaking away from the rest of the country as high-value service industries, GDP and employment growth outpace New Zealand.A report by Infometrics stated that the national economy entered a brief technical recession in the second half of the March 2023 year as rising interest rates dampened household spending, global demand cooled and extreme weather battered the agricultural sector. However, the NZ economy ended the year around 8% larger than before the covid pandemic.Auckland city centre’s G...

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