RBNZ: GDP to be lowered by 37 by level 4 coronavirus measures

<p>RBNZ released a paper outlining the economic impacts of coronavirus containment measures. At alert level 4 with lockdown of non-essential activity, GDP would be reduced by -37% during the period. that’s slightly lower than treasury’s estimate of -40%. At alert level 3 with restrictions on trading activity, GDP will only be -19% lower during the […]</p>
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