Auckland’s skyline with the Sky Tower. New Zealand’s Covid-19 economic slump may not be as bad as initially feared, with indicators suggesting growth in the third quarter after the lockdown ended. Photo: BloombergAuckland’s skyline with the Sky Tower. New Zealand’s Covid-19 economic slump may not be as bad as initially feared, with indicators suggesting growth in the third quarter after the lockdown ended. Photo: Bloomberg
Auckland’s skyline with the Sky Tower. New Zealand’s Covid-19 economic slump may not be as bad as initially feared, with indicators suggesting growth in the third quarter after the lockdown ended. Photo: Bloomberg

New Zealand in recession as coronavirus lockdown hits economy

  • The country fell into its deepest economic slump since the Great Depression in the second quarter as Covid-19 restrictions paralysed business activity
  • But the 12.2 per cent drop in GDP is unlikely to dent Prime Minister Jacinda Ardern’s chances of winning a second term in the October 17 election

Topic |   New Zealand
Auckland’s skyline with the Sky Tower. New Zealand’s Covid-19 economic slump may not be as bad as initially feared, with indicators suggesting growth in the third quarter after the lockdown ended. Photo: BloombergAuckland’s skyline with the Sky Tower. New Zealand’s Covid-19 economic slump may not be as bad as initially feared, with indicators suggesting growth in the third quarter after the lockdown ended. Photo: Bloomberg
Auckland’s skyline with the Sky Tower. New Zealand’s Covid-19 economic slump may not be as bad as initially feared, with indicators suggesting growth in the third quarter after the lockdown ended. Photo: Bloomberg
READ FULL ARTICLE
Close
We need your support

Advertising helps us continue to provide quality content. Help support us by disabling your adblocker on our site.

How to whitelist us:
  1. 1
    Click on the AdBlock icon at the top right corner of your browser.
    For iOS, go to Settings/Safari/Content Blockers and turn it off.

    For Android, go to your Ad blocker app/Settings and turn it off.
  2. 2
    Click Enabled on this site until the text reads Disabled on this site.
  3. 2
    Click the cross icon on the top right corner to close this window and refresh the page.
  4. 3
    Click the cross icon on the top right corner to close this window and refresh the page.