This is the model you want to point to?
"New Zealand suffered its worst economic slump since the Great Depression in the second quarter as a strict nationwide lockdown to combat the coronavirus brought the country to a standstill.
Gross domestic product plunged 12.2% from the first quarter, Statistics New Zealand said Thursday in Wellington. That’s the biggest three-month contraction since quarterly records began in 1977. Economists forecast a 12.5% decline. From a year earlier, the economy shrank 12.4%, the most recorded in comparable official data dating back to 1955.
New Zealand is going through a sharper but shorter economic shock than it experienced during the depression, when GDP fell 5.3% in 1931 and a further 7.1% in 1932, according to academic research. Nor is the Covid slump as bad as initially feared. The South Pacific nation initially succeeded in eliminating community spread of the virus, allowing it to emerge early from lockdown, and indicators suggest growth surged in the third quarter as consumers went on a spending spree.
However, the real pain may still lie ahead. The border remains closed to foreigners, crippling the tourism industry, and the end of the government’s wage subsidy is expected to see unemployment rise."
The worst for New Zealand may still lie ahead?
I am all for protecting the people most vulnerable. But as oreo_mom stated, if there is nothing to even come back to after we return to a sense of normalcy, then what was the point?
And to bring this back something resembling a horse related topic… if the economy suffers the long-term effects I am afraid we are already approaching, a vast majority of us will no longer be able to afford to even own a horse, let alone feed our families and keep roofs over our heads.
