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.
🧩😏 Riddle me this, Neighbours…
I am an odd number. Take away a letter and I become even. What number am I?
Do you think you know the answer?
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Do our hospitals have generators,also with Power companies making MILLIONS in profit WHY are some companies putting up their charges,they excuse this by saying power is getting dear to operate but why arent they using their millions profit instead of hitting their customers & why isnt any politician putting their foot down & helping taxpayers?
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