Towns that tourism forgot: The uneven impact of the covid recession

Towns that tourism forgot: The uneven impact of the covid recession
Main Street, Patea, South Taranaki
Andy Fyers
This article has been republished. It was first published in August 2020.If the numbers are any guide, an international tourist on the streets of Hawera, Patea or Opunake is indeed a rare sight.In fact, spending by international tourists in the South Taranaki District is equivalent to less than half of one percent of the district's GDP, lower than any other part of New Zealand. In the midst of a recession driven by the disappearance of NZ's largest export earner, places like South Taranaki are feeling less of the fallout. Thro...

More Economy

Business gloom offers inflation hope
Economy

Business gloom offers inflation hope

The New Zealand Institute of Economic Research’s (NZIER) Quarterly Survey of Business Opinion shows a continued deterioration in business confidence in the second quarter.A net 35% of firms expected a deterioration in the general economic outlook over the coming months on a seaso...

Staff reporters 02 Jul 2024
Independent costings needed for tough political decisions
Economy

Independent costings needed for tough political decisions

The time is now for an Independent Fiscal Institution.

Cameron Bagrie 01 Jul 2024
Brave-faced craft chocolate industry finds strength in unity
Retail

Brave-faced craft chocolate industry finds strength in unity

More than 30 boutique chocolate companies raised the bar at Chocstock.

Gregor Thompson 01 Jul 2024