Subscribe today - find out more
Why you should consider BusinessDesk
Finance

NZ may not feel full covid economic impact for 2, 3 years

Jenny Ruth
Wed, 23 Jun 2021

NZ businesses are still facing supply chain disruption and a lack of resources, including staff. (Image: Deposit Photos))
Jenny Ruth
Wed, 23 Jun 2021
It may take two or three years before New Zealand feels the full impact of the covid-19 pandemic, if past global convulsions, such as the 1987 share market crash, the Asian crisis and the global financial crisis, are anything to go by, warns accounting firm KPMG.For that reason, the major banks are wise to retain at least some of the provisioning they made early in the crisis and before it became clear the NZ economy would bounce back so strongly, KPMG said in its March 2021 financial institutions performance survey."The covid-19 shock has...

Use the information you’ve already given Google to create your subscription.

Not convinced yet?

Subscribe to our Daily News Update free newsletter.

Law & Regulation
David Henry firm moves into liquidation owing $400k
Brent Melville | Sat, 31 Jul 2021

Kinleith Land and Infrastructure moves into liquidation owing at least $400,000, liquidator looks to sell solar farm.

On the Money
On the Money: Chris Dunphy, Peter Wells' potential $250m payday, Banksy, Bridges, and more
Rebecca Stevenson | Sat, 31 Jul 2021

Which minister thought he was at a rave, who's cashing in on another potential IPO on the ASX, why wasn't anyone buying Banksy? And more.

Opinion FREE
Why it's hard to open a supermarket in NZ
Eric Crampton | Fri, 30 Jul 2021

Supermarkets' high profits should motivate a new competitor, if they're real. If the profits are there, what's stopping them?

Sponsored
How events can support a sustainable future

Sustainability has become a fundamental characteristic of a responsible business. It’s no longer just about “doing the right thing for the environment”, but now a much more holistic proposition where businesses have a real responsibility to embrace sustainable business practices - or risk being left behind.

Sponsored
5 trends as construction begins towards carbon neutrality

Carbon neutral trends emerging in engineering, procurement and construction across the globe indicate what we can expect in New Zealand over the next thirty years.