Coronavirus impact
Stuff reports:
The impact of Coronavirus on the economy is likely to last longer than previously expected, Finance Minister Grant Robertson warns.
The Government had been planning for three economic scenarios and was now moving into the second phase, where the impacts of Covid-19 will be felt for a year, Robertson said.
The impact on New Zealand could be very significant, in three potential ways:
- The economic impact – tourism and trading industries especially hit due to the global impact
- The personal impact – people getting sick, the anxiety, taking time off work, self quarantines and possible deaths
- The health system impact – if significant numbers get infected, the health system will face huge pressures
Some facts on Coronavirus:
- Current fatality rate is 3.4% according to WHO
- Fatality rate for 50 to 59 year olds is 1.3% and for over 80s 14.8%
- Median time of death after symptoms emerge is 14 days
- 93,200 infected in 81 countries
- 3,200 deaths
The top 10 territories infected are:
- China 80,270
- South Korea 5,328
- Italy 2,502
- Iran 2.336
- Japan 298
- France 212
- Germany 203
- Spain 165
- US 128
- Singapore 110