The emergence of a new COVID-19 variant indicates rockier recovery ahead - Quarterly Predictions, December 2021

30 November 2021

The recent emergence of the new COVID-19 variant Omicron highlights just how quickly conditions can change. Before this discovery, New Zealand was already grappling with the inevitable community spread of COVID-19 as restrictions are relaxed from December. By the time New Zealand moves to the new traffic light system on Friday, 3 December, Auckland would have spent 107 days in either Alert Level 3 or Alert Level 4 – a much more prolonged period of time under severe restrictions than the lockdown last year.

Quarterly Predictions is an independent review of New Zealand’s economic outlook and includes comprehensive forecasts of the economy. The full publication is available exclusively to NZIER’s members.

The media release can be read here.

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