'Negative but temporary impact' from coronavirus, says Treasury

Mon, 17 Feb 2020

The coronavirus outbreak is provisionally forecast to knock between 0.2 percent and 0.3 percent off New Zealand's economic growth rate this year, Prime Minister Jacinda Ardern said after a briefing for the weekly Cabinet meeting on the potential impact of the illness that is disrupting global trade and travel. Announcing an $11 million allocation of additional tourism marketing to boost New Zealand as destination for both international and local travellers, Ardern said the Treasury now expects economic growth of between 2 percent and 2.5 per...

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