GAVIN EVANS: NZ's covid response - good, not great

Thu, 08 Oct 2020

An economist with a major trading bank last week described New Zealand’s covid response as “gold-standard.”It was a bit of a throw-away line in a morning note, but it still made me uneasy.NZ’s response has been good. Our death rate per million of population at 5.1 is among the lowest 20 in the world. The cash hosed into the economy through the wage subsidy scheme and cheap loans has provided necessary life support for struggling firms and to date the impact on the economy has been less dire than forecast.Generally, peopl...

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