News | Business
17 Jul 2025 10:47
NZCity News
NZCity CalculatorReturn to NZCity

  • Start Page
  • Personalise
  • Sport
  • Weather
  • Finance
  • Shopping
  • Jobs
  • Horoscopes
  • Lotto Results
  • Photo Gallery
  • Site Gallery
  • TVNow
  • Dating
  • SearchNZ
  • NZSearch
  • Crime.co.nz
  • RugbyLeague
  • Make Home
  • About NZCity
  • Contact NZCity
  • Your Privacy
  • Advertising
  • Login
  • Join for Free

  •   Home > News > Business

    The economic impact of this Covid lockdown depends on how long strict conditions remain in place

    The economic impact of this Covid lockdown depends on how long strict conditions remain in place


    ASB estimates that during a nationwide lockdown, we forego activity worth around 0.5 to 0.6 per cent of annual GDP -- or 1.9-billion-dollars -- a week.

    Chief economist Nick Tuffley says if Auckland sits in Alert Level Four -- and the rest of the country at Alert Level Three -- we'd be foregoing around 0.3 per cent.

    He says if we quickly get Auckland to Level Three, and the rest to Level Two, that's only around a tenth of annual GDP per week.

    © 2025 Newstalk ZB, NZCity

     Other Business News
     17 Jul: Electricity companies could face further rules, if the latest measures to drive down prices don't work
     16 Jul: Optimism from architects about their future - despite low confidence in the wider industry
     16 Jul: Meta shareholders vs Mark Zuckerberg in $8 billion lawsuit
     16 Jul: Architect and design-work is drying up across the country
     16 Jul: Inflation's back on the rise around the world
     16 Jul: As house prices drop, will the retirement nest egg still be such a safe bet?
     16 Jul: A property expert believes it's a good time to hold on to a property, as Wellington heads into local body elections later this year
     Top Stories

    RUGBY RUGBY
    The extent to which the All Blacks selectors tinker is the main talking point ahead of Saturday's third test against France More...


    BUSINESS BUSINESS
    Electricity companies could face further rules, if the latest measures to drive down prices don't work More...



     Today's News

    Law and Order:
    Police are investigating the death of a man found deceased on a bus in central Auckland this morning 10:47

    Entertainment:
    Kerry Katona was "so scared" about her boob job 10:40

    Entertainment:
    From tea towels to TV remotes: eight everyday bacterial hotspots – and how to clean them 10:37

    Soccer:
    Welsh football club Wrexham look set to sign All Whites defender Libby Cacace for the looming English Championship campaign 10:27

    National:
    Why Russia is not taking Trump’s threats seriously 10:27

    National:
    Why is Israel bombing Syria? 10:17

    Entertainment:
    Hannah Waddingham says Ted Lasso season four is like a "beloved dog that was buried" and now "exhumed" 10:10

    National:
    The secret stories of trees are written in the knots and swirls of your floorboards. An expert explains how to read them 10:07

    Rugby:
    The extent to which the All Blacks selectors tinker is the main talking point ahead of Saturday's third test against France 10:07

    Entertainment:
    Anne-Marie's postnatal anxiety was "so bad" she didn't want to be left alone following the birth of her first child 9:40


     News Search






    Power Search


    © 2025 New Zealand City Ltd