Podcast #23: Oliver Hartwich discusses the lockdown’s effects on businesses
In this week’s New Zealand Initiative podcast, a second lockdown in the country’s largest city continues. The question of what might be happening to businesses as a consequence, however, is hard to answer.
Simply put, the government’s wage subsidy programme and a delay in official quarterly statistics means the true state of Auckland and New Zealand’s economy is largely unknown.
Oliver Hartwich says there are increasing signs that the economic pain is starting to hit small businesses particularly hard.