Coronavirus

BRIAN GAYNOR: Covid-19 is much bigger than the GFC

Brian Gaynor
Tue, 14 Apr 2020

BRIAN GAYNOR: Covid-19 is much bigger than the GFC
Brian Gaynor
Tue, 14 Apr 2020
The Treasury’s latest economic forecasts clearly illustrate that this isn’t just another global financial crisis.The latest crisis has been caused by a ‘once in a century public health shock’ whereas the late 2000s GFC had its origins in shonky finance sector activities, which in New Zealand included the failed finance companies and other flawed domestic investment products.Treasury forecastsThe following table compares Treasury’s GDP and unemployment forecasts during the GFC and the current crisis.bg_covidvgfc.png 50.88 KBSeveral observations...

Not convinced yet?

Subscribe to our Daily News Update free newsletter.

Primary Sector
Another class action against A2, this time in Auckland
Rebecca Howard | Wed, 18 May 2022

The opt-in class action has been filed in the Auckland High Court and already includes one financial institution. 

Infrastructure
Argosy's property income slips as portfolio's value rises
Jenny Ruth | Wed, 18 May 2022

Argosy will pay out more in dividends than adjusted funds from operations, as foreshadowed a year ago.

Primary Sector
Fed Farmers' Lewis stepping down after 17 years
Rebecca Howard | Wed, 18 May 2022

Federated Farmers board member Chris Lewis said it was time for change within the organisation.

Partner content
What’s driving the ram raids, and what shop owners can do

Scott La Franchie explains the motivations behind the spate of burglaries.

Partner content
Grow your business by taking time to plan

Getting business fundamentals right gives the best chance at beating the unplannable.