There's a small silver lining for regional councils amid slowing local economic growth.

The March Infometrics Monitor reveals economic activity has increased just 0.2% over a year, the slowest growth since the first Covid-19 lockdown.

Building consents have dropped almost 60% in the Tasman District and fell around 25% for all regions.

Tasman District Mayor Tim King told Roman Travers that despite hard times for regions, it does present councils an opportunity

He says with the current economic downturn it's ironically a good time to invest in infrastructure.

LISTEN ABOVE 

There's a small silver lining for regional councils amid slowing local economic growth. 
The March Infometrics Monitor reveals economic activity has increased just 0.2% over a year, the slowest growth since the first Covid-19 lockdown. 
Building consents have dropped almost 60% in the Tasman District and fell around 25% for all regions. 
Tasman District Mayor Tim King told Roman Travers that despite hard times for regions, it does present councils an opportunity 
He says with the current economic downturn it's ironically a good time to invest in infrastructure. 
LISTEN ABOVE

A fresh and intelligent start to your day - catch the very latest international and domestic news developments, sport, entertainment and business on Early Edition with Ryan Bridge, on Newstalk ZB.

A fresh and intelligent start to your day - catch the very latest international and domestic news developments, sport, entertainment and business on Early Edition with Ryan Bridge, on Newstalk ZB.

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