"The nation of nearly five million was briefly declared virus free, and although it still has a handful of cases, it has only had 25 deaths.
...Prime Minister Jacinda Ardern's government has said the success in suppressing the virus is likely to help recovery prospects.Finance Minister Grant Robertson said the GDP numbers were better than expected, and suggested a strong recovery ahead.
"Going hard and early means that we can come back faster and stronger," he said.
Some economists are also predicting a swift recovery, because of New Zealand's strong response to the virus.
"We expect the June quarter's record-breaking GDP decline to be followed by a record-breaking rise in the September quarter," said Westpac Senior Economist Michael Gordon.
Ms Ardern said she backs the economy's ability to rebound.
"I think one of the key questions here is not just about what's happened over that June quarter in terms of the effect of lockdown. It's actually about the rebound - and I back New Zealand's rebound," she said.
Ms Ardern said activity is already picking up as the country has been able to open up a lot more quickly compared with other nations.
https://www.bbc.com/news/business-54186359
...Prime Minister Jacinda Ardern's government has said the success in suppressing the virus is likely to help recovery prospects.Finance Minister Grant Robertson said the GDP numbers were better than expected, and suggested a strong recovery ahead.
"Going hard and early means that we can come back faster and stronger," he said.
Some economists are also predicting a swift recovery, because of New Zealand's strong response to the virus.
"We expect the June quarter's record-breaking GDP decline to be followed by a record-breaking rise in the September quarter," said Westpac Senior Economist Michael Gordon.
Ms Ardern said she backs the economy's ability to rebound.
"I think one of the key questions here is not just about what's happened over that June quarter in terms of the effect of lockdown. It's actually about the rebound - and I back New Zealand's rebound," she said.
Ms Ardern said activity is already picking up as the country has been able to open up a lot more quickly compared with other nations.
https://www.bbc.com/news/business-54186359
