Originally Posted by
Blue Skies
Maybe you need to stop being so dismissive of the damage the Atmospheric Deluge plus the Cyclone (as well as the Covid pandemic) have had on the economy.
Im sorry but its insulting to all those around the country who have lost their homes, their farms, their business machinery & equipment, their roads, bridges, State Highways, land washed away etc from Northland to the West Coast of the South Island. Tauranga may have escaped but so much of the rest of the country didn't, even in Auckland there is a massive amount of damage to be repaired, let alone Northland & Hawkes Bay & Tai Rawhiti, Marlborough Sounds, Nelson, West Coast.
For some reason this doesn't even rate a mention in your appraisal of the NZ economy.
Besides, prior to these catastrophic weather events, the NZ economy was running so hot we were one of the first countries to raise interest rates to cool it off.
And our economy was in a much better state than most OECD countries even including Australia.
Yes unfortunately there has been upheaval & some businesses have really struggled, but others have done really well making record profits.