WELLINGTON (Reuters) – New Zealand’s finance minister said on Thursday that the biggest economic impact from COVID-19 restrictions will only be seen in the June quarter, after the country reported gross domestic product contracted in the first three months.
“The biggest impact of the global recession and Alert Level 4 public health restrictions will be seen in the current June quarter,” Grant Robertson said in a statement.
(Reporting by Praveen Menon; Editing by Kim Coghill)
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