ENTERING RECOVERY PHASE
New Zealand deals with new virus strains, rising retail prices.
- Rob Fyfe, the business adviser to the New Zealand (NZ) government on its coronavirus recovery plan, has stated new strains of COVID19 could keep NZ’s borders closed in the next two to three years. Fyfe also noted stepping up vaccinations is the key to reopening borders.
- The Retail NZ chief executive Greg Harford has warned retail prices could increase further in the next three months. NZ retailers are dealing with rising freight costs and the minimum wage rate rise to $20 an hour, which became mandatory on 1 April.