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Professor Sir David Skegg raised the 64-thousand-dollar (or perhaps 64 billion-dollar) question in his testimony before Parliament’s Epidemic Response Committee this week. He asked whether the government had a clear the strategic objective for its unprecedented level-four lockdown. Read more
Our chief editor Nathan Smith is joined by chief economist Dr Eric Crampton and senior fellow Dr Bryce Wilkinson. In this week’s podcast, they discuss whether the Government’s Covid-19 cost-benefit analysis and subsequent lockdown is economically sound. Read more
Wellington, 3 April - If New Zealand can’t recover from the economic “heart attack” of self-imposed lockdown, it could face GDP losses at Great Depression levels, according to a New Zealand Initiative research note. While the Covid-19 pandemic has not ruined New Zealand’s economic capabilities, the lockdown has forced the country into an unprecedented productivity pause which the Initiative’s senior fellow Bryce Wilkinson says could slice away about $10,000 per household this year. Read more
More than 2000 New Zealand businesses have annual revenues over $80 million. That is the baseline for "tailor-made" assistance that Finance Minister Grant Robertson has promised to provide to larger firms that are suffering from the coronavirus pandemic. Read more
Wellington, 31 March - The New Zealand Initiative welcomes the Government’s plans to ramp up testing for Covid-19 beyond 3500 per day to get the country closer to reopening its economy. Prime Minister Jacinda Ardern told a press briefing this afternoon the Government has completed approximately 21,000 tests for the coronavirus Covid-19 already and is on track to issue 3500 tests per day. Read more
The coronavirus lockdown is a challenge for every one of us. Every worker, family, charity, public institution and firm. Read more
The Covid-19 outbreak is quickly developing into an economic crisis. A top priority for the Government now is to maintain employment and ensure firms can quickly recover when the lockdown ends. Read more
The New Zealand Government’s Covid-19 policy needs to directly boost capabilities in the health sector while providing the kind of appropriate economic support necessary when we’re all taking a lengthy staycation and some industries are put on ice. Uncertainty about the duration of this crisis makes deciding on the most suitable policy difficult. Read more
These are times like no other. Unless you are well over 80, you would not remember an existential and comprehensive crisis like this. Read more
The Government’s response to the global coronavirus pandemic is expected to lead to a deep recession. Many companies are faced with laying off employees. Read more