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In New Zealand, new Treasury models have painted a grim picture of the country’s economic outlook for the coming year, with unemployment rising by up to 13%, even if Covid-19 infections are contained and the rules of Blocking was softened after the start four weeks.
An unemployment rate of up to 26% and a 23% drop in GDP are predicted if the country is forced to remain at its strictest level of closure for a total of six months before moving on to marginally lighter measures. .
However, with a larger fiscal stimulus package than the NZ $ 20 billion (£ 9.7 billion) already promised by the government, the modeled 13% unemployment rate could peak much lower than 8, 5% before falling to 5.5% in the year to June 2021 On Tuesday, Robertson promised to release more support.
The seven modeled scenarios, the first published since the pandemic hit New Zealand, predicted that unemployment would be higher in the June quarter of this year than the 6.7% achieved during the 2008 global financial crisis. The current rate of Unemployment is just over 4%.
How Greece is overcoming the coronavirus despite a decade of debt
Every day at 6 p.m., the Greeks turn on their televisions and tune into a broadcast that on other occasions they might have missed. Like most rituals, there are no surprises: two men, sitting several meters away, behind a long table in a well-lit room.
The daily health ministry coronavirus briefing begins with Sotiris Tsiodras, a trained soft-spoken infectious disease professor at Harvard, delivering the latest facts and figures with the occasional emotional appeal. Nikos Hardalias, the civil defense minister, invariably continues, invoking the gravity of the situation with warnings that the Greeks “must stay home.”
The book professor and the mindless former mayor are the faces that have been associated with the government’s push to contain the spread of Covid-19. His efforts to keep the country safe from viruses appear to be paying off: in a population of just over 11 million, there were, as of Monday, 2,145 confirmed cases of coronavirus and 99 deaths, much lower than in other parts of Europe. . Italy to date has recorded 20,465 deaths.
Greece, it is generally accepted, is having a better crisis than expected:
A sweet story from our correspondent in New Zealand, where endangered plovers have been relocated from Christchurch to near Wellington, despite the closure:
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