Coronavirus: 12,400 job losses in Auckland CBD, report predicts
Business in Auckland CBD could suffer more than 12,400 job losses by March 2021 due to the impact of coronavirus, a report predicts.
The report, by independent economists Strateg.Ease, said it could take at least two years for business in the city centre to recover from the effects of Covid-19.
It also predicted a loss of $3.1 billion of gross domestic product (GDP) - the market value of goods produced in the city.
The outlook was "significantly worse" than the Global Financial Crisis of 2007/8, when jobs fell by 4400, the report stated.
"Tourism, hospitality, entertainment, arts and culture and retail - the businesses that give the heart of our city its vitality and distinct character - are amongst the worst affected," said Heart of the City chief executive Viv Beck.
Sunday prize draw!
Congratulations to the winners of this week's prize draw who will receive a $50 cafe voucher.
The winners are:
Sarah McGarry from Tawa
Jenna Holland from Woolston
Tobias Nash from Northland
Sascha Howie from Tauranga
Get in touch with the Neighbourly team here if you are on this list.
Not a winner? Maybe next week you will be!
Show us your projects
Whether it's craft, haberdashery, woodwork or upcycling, we'd love to see what you've been working on lately.
You may even spark someone else's creativity...
Tell us about your current project or show us a picture in the comments below...
Old school CD radio player
Hi every hope everyone is well and the weekend is going even better. I'm just on the look out for an old school CD radio player if anyone has one . With all cords attached aswell as speakers , preferably as one unit. Needing one for my step son who is currently in prison. This is the only type of radio that maybe accepted. A while ago sent one in but the cord wasn't attached and wasn't accepted.. anyway thanks
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