The coronavirus outbreak will have a serious impact on New Zealand's econom...
WELLINGTON - The coronavirus outbreak will have a serious impact on New Zealand’s economy in the short term, and the government may need step in if it leads to a global pandemic, the country’s finance minister said on Thursday.
Prime Minister Grant Robertson said if the virus outbreak becomes a global pandemic that in turn creates a worldwide downturn or recession, then it may be necessary to consider immediate fiscal stimulus to support the economy.Reporting by Praveen Menon; Editing by Tom Hogue
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