Local Govt | National News Video | Parliament Headlines | Politics Headlines | Search

 


Economic Recovery A Collaborative Effort


Media Release
Thursday 18 April 20013
For immediate release

Economic Recovery A Collaborative Effort

Collaborative effort is needed to help Wellington’s economic recovery according to a report to the Greater Wellington Economic Wellbeing committee.

The report from the Wellington Regional Strategy Project is based on economic trends over the past 10 years and key economic indicators over the past year. It aims to provide a collective picture of the local economy and to highlight possible areas of focus for the future.

The State of the Regional Economy report shows that while Wellington has a strong base for sustainable progress, economic recovery has been slower than in other parts of the country. The report suggests a commitment and a regional approach would help move the economy forward at the same pace as other regions.

The median annual income for Wellington residents is higher than for the rest of New Zealand with almost 40% of the workforce employed in highly skilled occupations (36% nationally). The region has a comparative advantage in a number of industries such as arts and recreational services, telecommunications, internet and library services, insurance, finance, electricity and gas industries.

The region’s infrastructure such as water and energy supply, public transport and roading and port services have the capacity for sustainable economic growth and residents are better serviced than other New Zealand regions in the areas of health and hazard mitigation.

On an international scale Wellington scores highly on infrastructure and community amenities. However, its global ranking is drastically affected by its inability to handle international connections and direct flights.

Also having a negative impact on economic growth is a population growth rate that is lowest for metropolitan regions and a reduction in the number of skilled migrants coming to the area. Wellington is trailing in employment growth, ranking 11th out of 16 regions, 15th for economic growth and 15th for sector diversity.

Growth in the number of businesses is slightly below the national average and house prices have declined in Wellington while increasing in other parts of the country.

The report highlights the work already being done in the region to promote economic improvement such as the Wellington Regional Strategy Office project to promote ultrafast broadband, the recent all sector Call to Action Workshop and follow up work, the Wairarapa Water Use Project, and the proposal to expand Wellington Airport facilities which is currently included in the Wellington City Council’s strategic plan.

ENDS

© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

'Tea Break Bill' Passes: Gordon Campbell On Bad Labour Laws And Poor Safety

By co-incidence, one of the prime dangers of the government’s new employment relations law has been underlined by the release of the death and injury statistics among workers at New Zealand ports. These are highly profitable enterprises for the port owners.

The Port of Tauranga for instance, is expecting its current full-year profit to be between $78 million and $83 million and other ports are enjoying similar boom times – but they are also highly dangerous places for the people who work on or around the port premises. At the Port of Tauranga, there have been 26 serious accidents since 2011, and two deaths. More>>

 

Parliament Today:

No Charges: Outcome Of Operation Clover Investigation

Police have completed a multi-agency investigation, Operation Clover, into the activities of a group calling themselves “The Roast Busters”. The 12 month enquiry focused on incidents involving allegations of sexual offending against a number of girls in the Waitemata Police district and wider Auckland area... More>>

ALSO:

UNICEF Report: NZ Cautioned On "Stagnating" Child Poverty

An international report by UNICEF has found that child poverty rates in New Zealand have barely changed since 2008, despite similar sized countries significantly reducing child poverty during the recent recession. More>>

ALSO:

Funding Report: Two Pathways For Transport In Auckland

Commissioned by Auckland Council, the group was asked to investigate two possible pathways for raising $300 million per year ($12 billion over 30 years) to pay for the improvements needed to help fix Auckland’s transport system. More>>

ALSO:

Pay Equity: Equal Pay Win In Court Of Appeal

CTU: The Court of Appeal has made a historic decision paving the way for a substantial equal pay claim for aged care workers. More>>

ALSO:

Gordon Campbell: On The TPP Finishing Line, And Amazon’s Woes

If the Trans Pacific Partnership trade deal wasn’t such a serious matter, this would be pretty funny… More>>

ALSO:

TV3 Video: Three Die On Roads Over Labour Weekend

The official holiday period ended at 6am Tuesday, with three deaths on the roads during the Labour Day weekend. More>>

Employment Relations Bill: Govt Strains To Get Tea Break Law Through

The Government has been left with egg on its face - failing to get its much-vaunted, but hugely unpopular, meal break law passed in the first week of its new term, Labour spokesperson on Labour Issues Andrew Little says. More>>

ALSO:

Guns: Police Association Call To Arm Police Full Time

"The new minister gave his view, that Police do not need to be armed, while standing on the forecourt of parliament. The dark irony was that the interview followed immediately after breaking news of a gunman running amok in the Canadian parliament in Ottawa..." More>>

ALSO:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
Regional
Search Scoop  
 
 
Powered by Vodafone
NZ independent news