Coronavirus to have serious economic impact in the short term: New Zealand finance minister
Add BT as a preferred source[WELLINGTON] The coronavirus outbreak will have a serious impact on New Zealand's economy in the short term, and the government may need step in if it leads to a global pandemic, the country's finance minister said on Thursday.
Prime Minister Grant Robertson said if the virus outbreak becomes a global pandemic that in turn creates a worldwide downturn or recession, then it may be necessary to consider immediate fiscal stimulus to support the economy.
Mr Robertson was speaking at an event in Auckland that was shared with the media.
REUTERS
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Share with us your feedback on BT's products and services
TRENDING NOW
US-China rivalry and the Kindleberger Trap: Why inaction – not escalation – is the biggest risk
Strengthening Asean’s economic resilience through RCEP’s 2027 review
Thai and Vietnamese farmers may stop planting rice because of the Iran war. Here’s why
Will the Philippines hit the brakes on a deregulated oil industry amid fuel pain?
