Regional economies are showing resilience ahead of the expected economic hit from Alert Level 4

Lockdown restrictions mean only essential businesses can operate and all other businesses must close.

Infometrics' Quarterly Economic Monitor shows for the June quarter improvements in economic conditions, driven by rising employment, upbeat households, and rocketing building activity.

Principal Economist Brad Olsen says this puts the economy in a good position.

He believes the country will bounce back quickly after this lockdown.