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.
Poll: Are quality products on the decline?
Gift-giving looks a lot different these days when you can pick up super-cheap goods made overseas. But do they last?
Do you have any old items like appliances, electronics or clothing that have stood the test of time? Share below!
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91.9% Yes
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7.2% No
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0.9% Other - I'll share below
A slightly different type of riddle …
I wanted to make pizza but didn’t have one of the important ingredients - so I made a Roman pizza instead … and it was delicious! So which is the missing ingredient, and why do I call it a Roman pizza?
Poll: Would you rather:
We all deserve a space where we can truly unwind and recharge, so if you could upgrade ONE thing in your bedroom, what would it be?
Tell us which upgrade would transform your bedroom into the perfect retreat! Drop your answer below and let’s see what everyone’s dreaming of for their sleep haven!
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56.3% A better mattress
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25% New pillows
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18.8% Cosier decorations
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