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20 Apr 2024 8:41
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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


    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

     Other Business News
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     19 Apr: Households will need to keep spending tight for another year yet
     19 Apr: Experts are forecasting more financial pressure for households, continuing into late next year
     18 Apr: The Reserve Bank may have to make some unpopular decisions
     17 Apr: Taylor Swift may get a tiny bit of the blame, for inflation and interest rates staying higher longer
     Top Stories

    RUGBY RUGBY
    What looks to be a serious leg injury to All Blacks hooker Asafo Aumua has detracted from an eighth-straight Super Rugby win for the Hurricanes More...

    BUSINESS BUSINESS
    Why Japan is the only country where married couples must have the same surname More...


     Today's News

    		 Environment:
    What looks to be a serious leg injury to All Blacks hooker Asafo Aumua has detracted from an eighth-straight Super Rugby win for the Hurricanes 8:37

     Motorsports:
    McLaren's Lando Norris has nabbed pole position in a wet sprint qualifying session at Formula 1's Chinese Grand Prix 8:37

     Law and Order:
    A man who once threw a Molotov cocktail into Sir John Key's electorate office, has admitted setting the Huntly Railway Building on fire 8:17

     Entertainment:
    Olivia Munn says "nothing" could have prepared her for the emotional shock of seeing her body after she underwent a double mastectomy 8:10

     Business:
    Why Japan is the only country where married couples must have the same surname 8:07

     Auckland:
    A person's died after a serious crash on Great North Road in Auckland's Grey Lynn this morning 8:07

     Soccer:
    A missed penalty in added time has cost the Wellington Phoenix dearly in their 1-all draw against the Jets in Newcastle 7:57

     Rugby League:
    The Warriors have missed the chance to leap to 3rd on the NRL table...crushed 30 to 12 by the St George Illawarra Dragons in Wollongong 7:57

     Rugby:
    The Highlanders are reeling from a fifth straight loss in Super Rugby, dealt to 31-nil by the Queensland Reds in Brisbane 7:47

     Entertainment:
    Gwyneth Paltrow's daughter has stolen from an "archive" wardrobe the actress keeps at home as the teen loves 1990s designer looks 7:40

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