4 months ago 103679201 - job seekers or office workers and employee queuing up in a line. vector artwork depicts the concept of job interview and office lifestyle.
In March of 2020 a decision was made to cease production of all non-essential goods and services unless the workers could produce these remotely. This was done in response to a new coronavirus pandemic. With much of the workforce forced into quarantine – unemployment spiked and GDP crashed in the expected ways. The question remains, what does the rebuild look like?
Subsequent to the lifting of most restrictions Treasury, the Reserve Bank of New Zealand (RBNZ) and BERL have produced a number of forecasts for the economic rebuild. We focus on unemployment for this article.