Strong government support to protect jobs and incomes in the face of the pandemic helped New Zealand recover rapidly from the severe COVID-19-induced downturn, but challenges remain to set the economy on a sustainable growth path, according to a new OECD report.
Australia, Japan, Korea, and New Zealand did better than most countries in flattening the curve of the COVID-19 epidemic and containing the first wave of the virus, according to the OECD’s first analysis of the impact of COVID-19 on health systems of countries across the Asia-Pacific as well as governments’ responses to control the virus.
New Zealand’s economy has stabilised, with solid growth supporting well-being through jobs and incomes. Ongoing implementation of the government’s new well-being approach to policymaking will offer further opportunities to create a more sustainable and inclusive economy for all New Zealanders, according to a new report from the OECD.
The most attractive OECD countries for highly qualified potential immigrants are Australia, Sweden, Switzerland, New Zealand and Canada, in part because of favourable admission and stay conditions.
New Zealand has carried out major health and welfare reforms over the past decade but needs to do more to help people with mental health issues stay in work or find a job, according to a new OECD report.
The New Zealand economy continues enjoying a strong, broad-based expansion, driven by booming tourism, high net inward migration, solid construction activity and supportive monetary policy.
New Zealand should extend access to income support and introduce a longer minimum notice period for all workers to help disadvantaged laid-off workers find a new job and maintain their job quality and living standards, according to a new OECD report.
New Zealanders enjoy a high environmental quality of life and access to pristine wilderness. However, New Zealand’s growth model, based largely on exploiting natural resources, is starting to show its environmental limits with increasing greenhouse gas emissions and water pollution, according to a new OECD report.
New Zealand is a valued development partner for its small island neighbours, delivering aid effectively and using its experience of natural disasters to help manage risks in the region. It complements its development assistance by using liberal trade and employment systems to support poor countries, according to the OECD’s latest Peer Review of New Zealand.
The New Zealand economy has performed well in recent years, but bottlenecks in housing and urban infrastructure, inequalities in living standards and rising environmental pressures all pose challenges for sustaining robust growth and high levels of well-being over the long term, according to the OECD’s latest Economic Survey of New Zealand.