But she is reactivating the economy much faster than Australia.
I'm not sure where you get your NZ employment figures from as the official stats are only released quarterly.The March quarter figures were only released on May 6th so before the lock down.
The best case projection for employment by the NZ Treasury was this-
"In the most positive scenario, New Zealand would end its current level 4 lockdown after one month, followed by another month of level 3 and ten months at levels 2 and 1. In this case, treasury estimates GDP would drop by around 5% and unemployment would peak at around 8%, but only because of the government’s
NZ$12 billion rescue package. This may seem more palatable, but is still far worse than the recession that followed the 2008
global financial crisis, when New Zealand’s GDP declined by 2.2% and unemployment peaked at 6.9%. "
On Monday, New Zealand will announce if it’s ready to relax some of its COVID-19 restrictions – among the strictest in the world. Based on international and local data, I argue it’s time; here’s why.
theconversation.com
They are already at level 2 lock down with bars and restaurants allowed to open with up to 100 customers.
The NZ treasury updated the unemployment projections for this months budget.still better than Australia.
"Grant Robertson handed down his third budget as New Zealand's Finance Minister on Thursday, with a centrepiece $NZ50 billion ($A46.9 billion) COVID-19 Response and Recovery Fund but no surplus in sight.
Gone is New Zealand's historically low unemployment, with Treasury forecasting joblessness to peak at 9.8 per cent later this year."
The New Zealand government believes it can keep the unemployment rate in single digits through the COVID-19 crisis,...
www.canberratimes.com.au