ANDREW BASCAND: Faster please to avoid the void

By Pattrick Smellie | Sat, 21 Mar 2020


Even with the pace of health and economic support being rapidly mobilised to fight covid-19, Andrew Bascand, managing director of Harbour Asset Management and one of New Zealand's most astute observers of both the domestic and global economic trends, argues that we need to shift into an even higher gear, without delay.As we all battle COVID-19, some spending is stopping, suddenly.For many businesses it is like stepping into the void. Already in a few days New Zealand has over 27,000 wage subsidy applications. That is a lot and it’s just the sta...