'Little lasting impact' if lockdown short, below level 4: Westpac

Fri, 14 Aug 2020

A short period of lockdown at alert levels 2 and 3 "would have little lasting economic impact," say Westpac economists in comments coinciding with Health Minister Chris Hipkins's disclosure this morning that a hard level 4 lockdown is "not in the frame at the moment."A new level 4 lockdown would have "more severe" economic implications but "international experience shows that losing control of the virus would be much more damaging to the economy" than further lockdowns.The only one of the four main tr...

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