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25 Apr 2024 9:12
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      Home > News > Business

    Hopes that the economic impact of the COVID-19 coronavirus outbreak... will only be temporary

    Hopes that the economic impact of the COVID-19 coronavirus outbreak... will only be temporary

    26 February 2020
    The New Zealand Institute of Economic Research is predicting activity in the economy to be flat this quarter.

    Principal Economist Christina Leung says it's caused by both the coronavirus and the drought.

    She expects the effects to linger over the remainder of 2020, but as they lessen over time, growth should pick up from the March low.

    Leung says exporters will probably bear the brunt of the forecast low.

    © 2024 Newstalk ZB, NZCity


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