![Steven Joyce: Covid's costs are coming home to roost](/pf/resources/images/placeholders/placeholder_l.png?d=793)
Steven Joyce: Covid's costs are coming home to roost
It's time for the politicians to admit the world has changed.
It's time for the politicians to admit the world has changed.
Comment: How many businesses can survive this economic storm?
National Party leader Judith Collins said that today's figures placed NZ in 'the deepest economic recession in living memory'. Video / National Party
PM Jacinda Ardern and Grant Robertson predict NZ's economy will 'rebound' after the worst GDP fall since records began. Video / Mark Mitchell
Profitable companies should pay back millions in wage subsidies they received.
GDP in the June quarter has fallen by a record.
National's leader is warning of a dire future after the Government's update.
Today's fall in GDP will be better than initially expected and the worst in NZ history.
The financial pain of Covid-19 has been unevenly spread around New Zealand.
Good news? NZ achieved a record current account surplus in the June quarter as Covid hit.
Ban on fans at games has created a perilous situation for businesses who rely on them.
Comment: Well-being in New Zealand trends downwards while we do nothing about it.
COMMENT: Four parties in Parliament offer nothing but borrowing and spending.
Economic indicators are up - but we should be very worried indeed.
Tax and debt: Is Labour as guilty of 'misinformation' as they accuse National of being?
PM says people are spending but business owners say it's not with them.
Survey results due out today.
ASB's latest rankings shows the uneven impacts of lockdown measures across the country.
'The Covid-19 lockdown was one of the most extraordinary events in NZ's economic history.'
Party leaders pitch for business vote and BusinessNZ election event.
Health Minister Chris Hipkins responds to new report.
Wage subsidy appears to have succeeded, and kept people in jobs.
Financial Times: Many US retailers will be putting out the Xmas baubles earlier than ever.
COMMENT: More of a gesture than a tax policy.
Tax change doesn't deal with growing debt problem, ignores "elephant in the room".
The ability to retain the subsidy is why businesses are now declaring big profits.
One in 4 workers say the chances of losing their job are certain or extremely high.
Important for RBNZ to think about "the intended and unintended consequences" of policy.
The economy continues to do better than expected but a full recovery remains years away.