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New Zealand’s response to the coronavirus pandemic has been the best in the world and is the country that gives business leaders the most confidence for future investments, according to a Bloomberg Media survey.
New Zealand ranked strongly on political stability, economic recovery, virus control and social resilience in the Bloomberg Market Crisis Management Index, released Thursday.
The index scores New Zealand at 238, ahead of Japan, which ranks second at 204, and Taiwan, at third, at 198. Australia ranked sixth with 151, while the United Kingdom and the United States, Despite their high number of Covid-19 cases and deaths, they were ninth and tenth. .
In a boost to Jacinda Ardern’s chances of winning a second term in the October 17 election, New Zealand ranked highest in each of the categories.
Its political stability rating was its best score and it was also the preferred vacation destination for executives once it was safe to travel.
As Auckland enjoyed its first day free of restrictions since the second wave hit, New Zealand Finance Minister Grant Robertson said the government’s plan to act “tough and early” against the virus had been a success.
“We have one of the most open economies in the world because we established a plan and we followed it. We have eliminated our second wave as others are still struggling to control this virus.
“Our clear plan to deal with Covid-19 is being noticed, particularly by global companies. Our strong and consistent response from Covid means that we are opening up investment opportunities to support recovery and reconstruction. “
More than half of the business leaders surveyed said they were still very concerned about the Covid-19 pandemic, but more in markets like Japan, Malaysia and Thailand, and much more in the younger segment of executives. Bloomberg interviewed about 700 people by phone, mostly senior executives in a variety of industries, with 53% from large corporations and 47% from small and medium-sized businesses.
The survey showed that the top concerns for businesses in the pandemic were the number of unknown issues that could arise, along with issues around the supply chain, international business travel, lack of local government support, and safety of customers. data.
His main focus coming out of the crisis was to strengthen crisis management, business continuity planning and digital transformation. Increasing emphasis was also placed on managing staff optimism, improving human resources and health planning, as well as cybersecurity measures.
