Regions that rely most on international tourism, such as Otago and Southland, are likely to be particularly hard hit. PHOTO: LUISA GIRAOThe southern regions will be the most adversely affected by the severe economic recession, while Wellington and Auckland have the best prospects for recovery, a Westpac report is predicting. "Auckland will experience a severe recession over coming quarters before posting a recovery," it says. "Regions that are heavy on agriculture, forestry, and export manufacturing are also going to feel the effects of the global recession," the report says. Food production was also expected to provide some economic support, particularly for the Bay of Plenty.

Source: Otago Daily Times June 18, 2020 20:15 UTC