There's no such thing as an 'unexpected disaster' any more

There's no such thing as an 'unexpected disaster' any more
Climate change will likely keep delivering serial shocks, says the Productivity Commission. (Image: Getty)
The Productivity Commission
The Auckland Anniversary Weekend flood was a one-in-250-year event. The one-in-a-century Cyclone Gabrielle followed weeks later. Two “unprecedented” events in such a short time send a strong signal that climate change will likely keep delivering serial shocks in the future, and New Zealand needs to learn and improve its responses. The Productivity Commission is looking at improving economic resilience for NZ firms, industries and communities in its current inquiry into the resilience of the NZ economy to supply chain...

More Economy

Westpac NZ eyes monetary policy reform for change-laden RBNZ
Economy

Westpac NZ eyes monetary policy reform for change-laden RBNZ

Westpac NZ puts monetary policy voting in the spotlight.

Staff reporters 05 Sep 2025
Wētā FX narrows loss and rebuilds R&D
Economy

Wētā FX narrows loss and rebuilds R&D

New Zealand contracts rose 28% to $411m.

Gregor Thompson 04 Sep 2025
NZ banking capital adequacy proposals may face choppy seas
Economy

NZ banking capital adequacy proposals may face choppy seas

Plans to reset NZ banks’ capital adequacy rules appear to be garnering support.

Staff reporters 04 Sep 2025