Welcome to the October edition of the EconoLex — NZCTUs Economic Bulletin. Firstly, welcome to Jack Foster who has joined the CTU this month, and has contributed to the production of this edition.
The CTU launched its Building a Better Future consultation document this month. This is our view of an alternative approach to economic development, and how we will deliver wellbeing for New Zealanders.
This edition examines the recent news around inflation and wages and looks at what is really driving inflation at this point. It also looks at some of the alternatives that may be available to address our current challenges more effectively.
This Econolex is packed with the usual updates on the economy, labour market, fiscal policy, and price changes. It feels like a very uncertain time in the global economy at the moment, and the data is moving around quickly. While we have avoided recession, the one thing that we can be certain of is more change in the future. We will keep you updated on all the key issues and on what they mean for workers in New Zealand.
As always, should you have any questions about the data or any requests for more information, please get in touch. We are always keen to discuss economic topics and any special requests for future editions.