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Sharon Zollner: ANZ Chief Economist on New Zealand's economic response to the Covid pandemic
Published 3 months, 2 weeks ago
Description
New Zealand’s economic response to the Covid pandemic is under scrutiny.
The second phase of the Covid Inquiry found New Zealand’s overall pandemic response effective, but some restrictions went too far, and the Government moved too slowly in some areas.
It highlights our Covid increase on health spending was one of the OECD's largest.
ANZ Chief Economist Sharon Zollner told Kerre Woodham that debt is likely going to be permanently higher, and we have a lot of medium-term fiscal challenges as a result.
She says in broad terms, we’ve used up two crises worth of buffer for a single crisis.
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