Economists are starting to express concerns about the possible impact of the new coronavirus, 2019-nCov, on the overall New Zealand economy, after a weekend of negative developments. Kiwibank said that with "plenty still not known about the coronavirus", the economic impact was highly uncertain. READ MORE:* Early detection and containment key for ending latest coronavirus outbreak* Air New Zealand share price drop follows international trend as coronavirus spooks investors* China virus outbreak may wallop economy, financial marketsBut it believed the outbreak could have been responsible for curtailing an inflation-fuelled rally in interest rates and the New Zealand dollar last week. The timing of the outbreak around Chinese New Year is expected to exacerbate the impact on some exports. "There could also be roll-on impacts for tourism, and we know Chinese tourism has already been incredibly soft recently and this could exacerbate that."

Source: Stuff January 26, 2020 23:15 UTC