New Zealand in economic crisis as coronavirus lockdown hits economy

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Auckland’s skyline with the Sky Tower. New Zealand’s Covid-19 economic slump may not be as bad as initially feared, with indicators suggesting growth in the third quarter after the lockdown ended. Photo: BloombergAuckland’s skyline with the Sky Tower. New Zealand’s Covid-19 economic slump may not be as bad as initially feared, with indicators suggesting growth in the third quarter after the lockdown ended. Photo: Bloomberg

Auckland’s skyline with the Sky Tower. New Zealand’s Covid-19 economic slump might not be as bad as at first feared, with indications suggesting growth in the third quarter after the lockdown ended. Image: Bloomberg

  • The country fell into its inmost financial depression since the Great Depression in the 2nd quarter as Covid-19 restrictions paralysed service activity
  • But the 12.2 per cent drop in GDP is not likely to dent Prime Minister Jacinda Ardern’s opportunities of winning a 2nd term in the October 17 election

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New Zealand

Bloomberg

Updated: 10: 42 am, 17 Sep, 2020

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https://covid19globalcases.com/new-zealand-in-economic-crisis-as-coronavirus-lockdown-hits-economy/

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