The Herald’s Cooking the Books personal finance podcast has gone daily in lockdown, to help you get the tips you need to weather the financial storm. Hosted by Frances Cook, with a new money expert featured on each episode.
Things may look grim for our economy right now, but New Zealand is actually well placed to weather the Covid-19 storm better than many other countries.
There are the factors that will always exist. New Zealand being an island in a pandemic is a good start, as we can keep a firm eye on our borders.
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We produce more food than we eat, so we don’t have some of the serious worries on that front that other countries do.
But there are other strengths in our economy that we created for ourselves. If we focus on them, we could boost them even further for a stronger bounce back.
The Government went into the crisis with low debt
We seem to have acted fast enough to keep Covid-19 from spiralling out of control, which is…