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13 Jul 2020 10:25
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  •   Home > News > Business

    Expectation that it will take 12 to 18 months till the country financially recovers

    Expectation that it will take 12 to 18 months till the country financially recovers


    ASB Bank's latest quarterly economic forecast sees the country going through three levels of recovery -surviving the crisis, the transition period and lastly adapting to the new normal.

    Chief Economist Nick Tuffley says it's important businesses are financially supported during all of these stages.

    He says they're seeing a lot of businesses that were perfectly fine prior to Covid-19, close or consider closing.

    © 2020 Newstalk ZB, NZCity


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     10 Jul: The Police Minister expects a major Mongrel Mob bust will make a big dent in drug harm and violent offending
     10 Jul: Retail internet providers are disappointed in Chorus' rise in fibre prices
     10 Jul: Christchurch business leaders want to see if there's any meat on the bones of Todd Muller's five pillar plan to revive the economy
     10 Jul: The nation's 30 power companies are calculating where electricity prices will go when Rio Tinto closes the doors on its Southland smelter at Tiwai Point
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