Sport
Will NZ win the Bledisloe Cup for economic recovery? – Sydney Morning Herald
The central banks of NZ and Australia suggest it will be the Shaky Isles to emerge faster and stronger from the coronavirus recession.
The forecasts are much worse than those released this week by the Reserve Bank of New Zealand. It is expecting unemployment to peak at 8 per cent early next year, after the end of the Ardern government’s wage subsidy program, and for the economy to be effectively back where it was before coronavirus by mid-2021 at the latest. Unemployment is at 4.2 per cent.
The RBNZ forecasts pre-date Tuesday’s lockdown of Auckland, which was put in place after four people contracted COVID-19 from an untraced …
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