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Omicron, staffing and supply chain issues stalling economic momentum

Author
Newstalk ZB,
Publish Date
Tue, 17 May 2022, 8:09am
Photo / File
Photo / File

Omicron, staffing and supply chain issues stalling economic momentum

Author
Newstalk ZB,
Publish Date
Tue, 17 May 2022, 8:09am

Omicron, staffing and supply chain issues are stalling economic momentum.

New research from Infometrics shows economic activity has picked up slightly in the first three months of this year.

However, the shortage of workers and materials is proving a hindrance.

But Infometrics Economist Brad Olsen told Mike Hosking when you factor in Auckland's period in lockdown, there's almost no growth at all.

He says quarter to quarter, growth is basically nothing - on their model about 0.01 percent. 

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