13 Mar 2020

Covid-19: Economists call on government to follow Australia

From Morning Report, 6:47 am on 13 March 2020

Economists here say the government should not follow Australia's lead, with a widespread stimulus package to counter the economic hit from the coronavirus.

Yesterday Australia's Prime Minister unveiled a $17.6 million package, including one-off cash payments of $750 for every beneficary, and cash injections of up to $25,000 for small and medium businesses.

Westpac chief economist Dominick Stephens told political reporter Yvette McCullough that isn't the route New Zealand should be taking.