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