Wednesday, 16th September, 2020
This week brings a potentially significant event for the NZ economic outlook. And it’s not the Q2 GDP figures due Thursday. Today, Cabinet reviews NZ’s Alert Level settings. Any change would take effect midnight Wednesday. We know from the first time around that any shift down in Alert Levels would be significant for parts of the economy. Business confidence is rebounding, but we’re cognisant that operating at Level 2/2.5 is getting harder for some. Not only is the wage subsidy winding up, but balance sheets bruised in the first lockdown have less buffer now. Read the full report here.