6 May 2020

Auckland unemployment may be triple that of GFC - report

From Checkpoint, 6:11 pm on 6 May 2020

A new economic report is forecasting that three times as many jobs could be lost in central Auckland by next March than during the Global Financial Crisis, with GDP also expected to take a huge hit.

The central Auckland business association Heart of the City commissioned the report, which found that it'll take at least two years for the city to get back to pre-Covid levels.

And its chief executive Viv Beck says some businesses are hanging onto survival by the slimmest of threads.

Matthew Theunissen reports.