Every event that results in heightened uncertainty is different. The impact of the COVID-19 pandemic and associated preventative measures on the New Zealand economy will be far-reaching, but what is the impact of uncertainty? What can be done to help New Zealand avoid the worst? And what can we learn from past crises?
In this article, Sapere Senior Managing Economist Michael Ryan looks at the impact of uncertainty caused by COVID-19, and shows how clear policy guidance can help New Zealand avoid the worst of the economic impact.