Coronavirus will loom over May 14 budget
By Rebecca Howard |
Wed, 12 Feb 2020
Finance Minister Grant Robertson has announced this year's budget will be on May 14, with the impact of the coronavirus outbreak too hard to assess for him to rule out the potential for it to cause a recession. The precise impact will depend on the duration of the outbreak and its geographic spread, “but at the macro level at this point we think the impacts will be measurable but still somewhat limited,” Treasury secretary Caralee McLiesh told a parliamentary select committee.Too soon to callWhen pushed for details, she said it's too earl...