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Lack of overseas visitors over the summer will cost the country up to 6 percent in GDP and result in the economy contracting by 0.7 percent in the six months to March, Westpac Bank forecasts suggest.
Diana Clement: The long Covid effects on your finances
30 Jan, 2021 04:00 PM
4 minutes to read
OPINION: Covid-19 affects everyone s finances, albeit differently. Many of us can see the day to day effects. Depending on your personal situation that could be decreased income or increased income, better house prices or house prices out of reach, rising prices, new insurance exclusions, saving/investing more or less, better financial habits/discipline, or spending more to live in the moment, and so on.
People with savings and investments have done better than those on the lower financial rungs. The pandemic has widened inequality as we ve seen. Examples of that are lower decile school students having to leave early and get a job, and women suffering the majority of job losses in industries such as tourism.