Photo / FileThe re-emergence of lockdown measures could sap over $90 million out of the economy - and an Auckland business leader says firms need to know the Government will look after them. With the current lockdown set to last three days, the cost of the lockdown would be around $94 million under the revised figures. The fact that firms have been through this before should prepare us for this latest lockdown development, says Auckland Business Chamber chief executive Michael Barnett. Barnett said hospitality and food and beverage firms were running "close to the line" and this latest snap lockdown wasn't going to help. In August Olsen estimated the cost of level 3 in Auckland at around $60m to $69 million over a three-day period.

Source: New Zealand Herald February 14, 2021 17:35 UTC