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New Zealand economy faces ‘serious impact’ from coronavirus outbreak

New Zealand economy faces ‘serious impact’ from coronavirus outbreak



Finance minister Grant Robertson warns of ‘short term’ hit as disruption to tourism, logging and agriculture growsThe coronavirus outbreak will have a serious impact on New Zealand’s economy in the short term, the finance minister has said, and the government may need to step in if the economic situation deteriorates.Grant Robertson said if the virus becomes a global pandemic that leads to aworldwide downturn or recession, it may be necessary to consider immediate fiscal stimulus to support the economy. Continue reading…



Source link : https://www.theguardian.com/world/2020/feb/27/new-zealand-economy-faces-serious-impact-from-coronavirus-outbreak

Author : Eleanor Ainge Roy

Publish date : 2020-02-27 02:38:23

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