Many businesses could not withstand another return to higher alert levels, NZIER principal economist Christina Leung says. NZIER has released its predictions for the September quarter, in which it forecasts that the effects of Covid-19 will last well into 2023. “The new restrictions have hampered the recovery in activity seen in recent weeks as New Zealand moved down alert levels,” the economists said. Leung said a lot of businesses could not afford to have another lockdown after this one. supplied Christina Leung: Lockdown is tough, but what’s the alternative?

Source: Stuff August 25, 2020 16:52 UTC