Liam Dann: We re getting better at this - Why this lockdown should cost less
15 Feb, 2021 03:00 AM
4 minutes to read
Finance Minister Grant Robertson during his Crown Accounts announcement at the Treasury in Wellington. Photo / Mark Mitchell
Finance Minister Grant Robertson during his Crown Accounts announcement at the Treasury in Wellington. Photo / Mark Mitchell
Aucklanders are getting better at lockdowns and that will make this one less costly, economists say. Last August – as Auckland went into Level three lockdown – ASB economists estimated that it would cost the economy about $440 million per week - or 0.15 per cent of annual GDP.
But ASB has revised that view down on the basis of the strong rebound through the last quarter of 2020.