Source: New Zealand Institute of Economic Research
26 February 2020
The combination of the COVID-19 coronavirus outbreak and drought is expected to deliver a short sharp shock to the New Zealand economy, as detailed in the latest NZIER Quarterly Predictions. “Exporters are expected to bear the brunt of the effects, and we expect activity will be flat in the March quarter. Although we expect the effects to linger over the remainder of 2020, as they lessen over time growth should pick up from the March low”, said Principal Economist Christina Leung.
Read the media release here.