Covid looms large over economy

Tue, 05 Jan 2021

New Zealand’s economy bounced back from the covid-19 lockdowns more vigorously than analysts expected, but the pandemic's long shadow will persist through 2021.Travel and tourism sectors were the hardest hit by restrictions on international travel, forcing rental car operators to downsize their fleets, accommodation providers to mothball operations, and forcing some operators out of business.While the economy has already borne the brunt of the immediate hit, economists warn retailers should brace for the absence of summer tourists.&ld...

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