New Zealand PM says can manage coronavirus impact on country's economy

With China reeling from coronavirus outbreak, New Zealand's Prime Minister, Jacinda Ardern on February 10, stated that epidemic will have an impact on country's ecomic growth. According to reports, Ardern ded that impact will be manable even though it was too early to decide intensity of impact.

Impact on a global scale bound to affect New Zealand

According to reports, Ardern said China is alrey showcasing projections that y will have an impact, ding that since impact was being seen on a global scale, New Zealand was bound to feel consequences too. New Zealand Prime Minister also said that government was working in accordance with both education and tourism sectors to cushion impact. Ardern furr ded that ongoing epidemic will also impact ir GDP figures.

According to reports, Australian bank Westpac stated that New Zealand's gross domestic product of first quarter will be 0.6% lower than what was previously thought due to impact caused by coronavirus outbreak.

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Coronavirus death toll crosses 900

viral outbreak that has claimed lives of 908 people and infected more than 40,000 has put pressure on New Zealand based companies According to reports, New Zealand exporters of timber, seafood, meat and dairy products have witnessed ir products t being sent to China. China is country's biggest tring partner and it accounts for majority of its sales of food products.

Amid unprecedented outbreak of vel coronavirus, Lijian Zhao, Deputy Director-General, Information Department, Ministry of Foreign Affairs, China said that re were 40,171 confirmed cases in China as of February 9. death toll of virus spiked to 908 with 6,484 severe cases.

Zhao also said that 3,281 individuals who were infected with coronavirus were cured. Furrmore, 3,99,487 people h been traced and an ditional 1,87,518 people were kept under observation. Zhao stated that since February 1, number of cured cases surpassed fatalities, and w it is 'thrice larger'.

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