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Why Auckland’s economic recovery seems continually out of reach
Description
Auckland is supposed to be moving again.
The City Rail Link is almost here, the CBD is looking better, and there’s been a lot of talk about the economy finally turning a corner.
But for many Aucklanders, it still doesn’t feel like a recovery.
New figures show the value of building work in Auckland has fallen sharply, with non-residential construction taking a major hit. And when construction slows down, it doesn’t just affect developers. It affects jobs, confidence, businesses, the city centre, and the wider economy.
So, is Auckland’s construction slump one reason the country’s biggest city still feels stuck?
Today on The Front Page, NZ Herald business editor-at-large Liam Dann joins us to explain what’s happening, why it matters, and whether there’s any sign of momentum returning.
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You can read more about this and other stories in the New Zealand Herald, online at nzherald.co.nz, or tune in to news bulletins across the NZME network.
Editor/Producer: Richard Martin
Producer: Jane Yee
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