Business closure rates 'were already increasing before lockdown'
The economy was running hot before NZ went into level 4 in August - but not for everyone.
Source: stuff.co.nz
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Business closures spiked 130 percent in 2020
Business closures spiked 130 percent in 2020 - new data Newshub 4/03/2021 © Video - Newshub; Image - Getty Watch: COVID-19's impact on businesses has been laid bare. COVID-19's impact has been laid bare, with new data showing business closures spiked by nearly 130 percent towards the end of 2020. Between September and November 2020, more than 16,234 businesses closed for good. That's compared to 7,154 in the same period in 2019. A pause in the wage subsidy and a lack of international tourists are to blame - and there's a warning - it could get worse. Wellington street-food restaurant...
Source: msn.com
Wellington's Covid economy is just capital, and there's a surprising reason why
That’s good news, given the many dire predictions last year as the country wrestled with its response to Covid and the prospect of lockdowns and economic collapse. Berl research for the Greater Wellington Regional Council forecast retail spending to drop by 16.3 per cent in 2021, regional GDP to fall 8.3 per cent and unemployment to move towards 6 per cent and beyond. But the latest statistics from StatsNZ and Dot Loves Data present a much more optimistic picture. Eftpos NZ figures for the three months to the end of January show spending in the city is down by just 2 per cent compared wi...
Source: stuff.co.nz