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11 Apr 2020 0:34
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  •   Home > News > Business

    Concerns for the economy as Covid 19 spreads to countries across the world

    Concerns for the economy as Covid 19 spreads to countries across the world


    ASB's quarterly economic forecast reveals the virus has turned the first half of the year on its head.

    ASB chief economist Nick Tuffley says it's heavily affecting countries like South Korea, Japan, Italy and Iran.

    He says quarantine efforts are causing significant disruption.

    Tuffley says exports to China and other affected countries should recover in the second half of the year.

    © 2020 Newstalk ZB, NZCity


     Other Business News
     10 Apr: OPEC and Russia have agreed a deal to cut global oil production to 10 million barrels a day until July 1, and then eight million a day until the end of year
     10 Apr: Rugby Australia remains confident an agreement over player pay cuts will be hammered out within seven days
     09 Apr: Wellington city councillors have thrown out the idea of a rates freeze -- but payment deferrals will still be allowed
     09 Apr: Liquidators have been appointed for a Christchurch-based investment company - that's being investigated by the Serious Fraud Office
     09 Apr: Spending on eating out and accommodation plunged more than a third in March, after the outbreak of Covid 19
     09 Apr: A Christchurch-based cryptocurrency exchange that suffered a devastating breach, will have to try to pay off its customers
     09 Apr: Not too many hiccups - just yet - to our trade exports due to covid-19
     Top Stories

    RUGBY RUGBY
    Rugby Australia remains confident an agreement over player pay cuts will be hammered out within seven days More...


    BUSINESS BUSINESS
    OPEC and Russia have agreed a deal to cut global oil production to 10 million barrels a day until July 1, and then eight million a day until the end of year More...



     Today's News

    Politics:
    Coronavirus update: Singapore warns teachers off Zoom, New York death toll rises, nurse allegedly spat on in Brisbane 23:17

    Environment:
    The Bay of Plenty Regional Council has made a desperate plea for a reduction in water use as dry weather puts a strain on the region's waterways 21:57

    Entertainment:
    Gisele Bundchen and her family have thanked health care workers who are tackling the coronavirus pandemic 21:44

    Business:
    OPEC and Russia have agreed a deal to cut global oil production to 10 million barrels a day until July 1, and then eight million a day until the end of year 21:17

    Entertainment:
    John Prine has died aged 73 21:14

    Entertainment:
    Kaley Cuoco has been "forced" into moving in with her husband due to the coronavirus pandemic 20:44

    Entertainment:
    Jack Whitehall has been romantically linked to Roxy Horner 20:14

    Entertainment:
    Jake Gyllenhaal has claimed the late Heath Ledger snubbed an offer to present at the Oscars 19:44

    Entertainment:
    Harry Styles is selling t-shirts to raise money for the coronavirus relief efforts 19:14

    Rugby League:
    Tohu Harris is predicting big things for his second row partner once the NRL season finally resumes post coronavirus pandemic suspension 18:57


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