Beoz

Well corrected. Yes. It was a generous, quickly created, temporary (til September) handout and rightly so for the time and need. I wonder if it will be pulled back to an earlier date for other industries too.

abner

What torched economy?

There's no evidence yet of an economic downturn any worse in NZ than in Oz. And being able to lift COVID-19 restrictions faster and more completely leaves the Kiwis more in line for a V-shaped recovery than a U-shaped one.

Amazulu

Not according to the OECD:
https://www.oecd-ilibrary.org//sites...emContentType=

That report is quite interesting and worth a bit of a read of you are interested. To summarise, without a second wave, it's a 9% drop for New Zealand and 5% for Australia (NZ is towards the bottom of the OECD forecast). Like I said previously, the worst is yet to come for sheep shagger land, but hey, Auntie Cindy's socialist magic money pudding will come to rescue their backward asses!

paulry

Wow, it looks like they're in the doodoo.

Beoz

Of course they are in the doodoo. They unnecessarily turned off their entire economy for 5 weeks. They had one of the most harsh lockdowns of anywhere in the world, yet had a tiny case load, and played it like they were a UK or Italy.

That's why they are near the top of the list for GDP contraction.

Silly silly kiwis

paulry

Luckily for them they have us just across the Tasman to help ease them out of the sticky mess.

abner

And now the Kiwis have stadiums stuffed with real customers for the footy, instead of cardboard cutouts and canned shouting to pretend to be the audience as in Oz. At least one part of their economy is already comfortably ahead of Australia's in terms of a V-shaped recovery...

Beoz

No reason why we can't stack stadiums the same in plenty of places. Everywhere is good to go other than Victoria. Ironically, Victoria ha ha

New Zealand won't have a V shape. Pretty hard to sell stuff to people, like tourism, when the rest of the world is still shut.

Worst still they crippled their own domestic economy without thinking what the rest of the world recovery was going to be like.

Silly silly kiwis

Beoz

Don't get me started on that again. Private sector companies feeding work off to their kiwi brothers because they have none. She is a disgrace.

the troubadour

Hence why they are not Italy or UK. Are you attempting to suggest UK got it right? Take a look at how much the UK economy is expected to contract this year. How about USA? Various states opening up regardless of increasing numbers. Check out TX or FL
growing numbers for starters.

The continued point fingering at NZ due entirely to an ideologically dislike of the Arden government, yet never complaint about Bumbling Boris or the totally inapt US administration , is selective criticism in the extreme.
What you should and your cohort be doing is bowing at the feet of Arden in total respect of New Zealand being the first nation to declare themselves post virus. The cheer on the rapid rise of their share market. To yell yourself hoarse at the world value having a nation 'virus free' which will prove a big, likely very big marketing tool indeed. A country that is in a reposition to reset its economy and if doing it right the potential to become a world leader in evoking a clean and sustainable economy.

.

the troubadour

Loving it. A disgrace?Getting up the nose of hyper capitalists (next you'll be calling yourself an anarchist capitalist) is highly impressive. Arden is showing her leadership. Her humanity has already been clearly exposed.
A shame Australia

Beoz

Why would I cheer on NZ when I can cheer on WA, SA, QLD, NT and Tas, who achieved the same feat, and achieved it in quicker time without resorting to a total economic shutdown akin to what the UK and Italy had to do because they were out of control.

The only state in Australia cheering on total economic shut down, Victoria, has got some COVID problems to deal with

Even better, all states in Oz declare returning travellers with COVID in their numbers. New Zealand either hide them or no one returns to New Zealand with COVID.

Beoz

I have raised the UK's totally late to the party attitude. No one wants to discuss it. I guess it is "British" expats.

Beoz

Total economic train wreck. Humanity won't buy you votes. Easy living will.

garethwm

If you were actually living here you'd know it's far from an economic train wreck. We are pretty much back to normal. The resorts are full and retail sales in the past 2 weeks have been great. Probably 90% of the population here agree with what we did and are very comfortable with the position we find ourselves in. 👍At least at moment. No one knows what the future holds.