Brad Olsen: Infometrics Principal Economist on the slowing growth in regional economies

Regional economies are slowing to Covid times. 

Latest figures from Infometrics show economic activity has increased just 0.2% over a year, the slowest growth since the first lockdown. 

Since last year, fewer people are planning to build in the regions, with consents falling by around 25%, and the Tasman District falling almost 60%. 

Infometrics Principal Economist Brad Olsen told Andrew Dickens that regions are bearing the brunt of the current economic climate. 

He says lamb and mutton prices are at seven-year lows, while forestry prices have been falling over the last couple of months. 

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