IF SYDNEY MOVED TO AUCKLAND
Jan 19, 2020
3 minutes
By JOANNE BLACK
The short-term effect of Australia’s bushfires on New Zealand is likely to be small but the long-term implications could be enormous, says ANZ chief economist Sharon Zollner.
“Australia has had drought after drought and at some point you have to start asking the question, ‘Is this just an incredible run of bad luck or is this the new normal?’”
Catastrophic as Australia’s bushfire season has been to date, economists are picking most of the negative impacts to be felt in consumer confidence, tourism and the affected regions, with only a small effect on the Australian economy
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