Why New Zealand is best positioned to come out of this pandemic better than most countries
You’d be hard pressed to talk to anyone in this current climate that doesn’t present an opinion on the unprecedented event that is COVID-19. Every industry, business, community and individual has been impacted by this truly remarkable situation. And although everyone is experiencing the wave of emotions and uncertainty that comes with this new reality, there are some positive outcomes we can focus on.
We acted early:
The data is unanimous; countries that were slow to recognise the seriousness of the situation and delayed in putting in place strategies to limit the effects on public health have experienced devastating repercussions. As New Zealand was able to witness the responses of other nations prior to making our own strategic decision, our government was able to put together a plan to reduce the spread of the virus to our communities. Although we are still in the early stages of this process, our leadership is confident that we are in control of the situation as much as we can be. Our proactive approach has literally saved lives.
New Zealand has low government debt:
Given that our government has handled our national budget well over the past decade, New Zealand has an excellent global credit rating. This has meant that we have been able to borrow money to manage the economic consequences of COVID-19 which has provided a level of stability and financial support for our people. The strategic management of our economy has meant our country has been somewhat sheltered from the economic problems currently being experienced in other locations.
Post event we will experience huge investment into our countries infrastructure:
It has been communicated that the focus post lockdown will be on “shovel ready” projects that will enable our labor force to get back into work quickly. The commitment to an economic stimulus package means investment into nationwide infrastructure such as large scale roading projects, stormwater structures and new subdivisions which will generate employment. There is a plan in place to mitigate the repercussions COVID-19 has, and will continue to have on our economy.
80% of our export comes from Primary Industries:
From dairy, to seafood, kiwifruit and forestry, New Zealand has a huge reliance on our Primary Industries and their contribution to our financial growth. As a country, we are renowned all over the world for our high quality foods and materials which has meant these core businesses have remained relatively stable despite the circumstances. Post COVID-19, it is expected that the need and desire for these products will likely increase, due to consumers prioritising health and nutrition and looking to superior goods.
The upside of being an island nation:
It’s funny to look at our little gem in the Pacific on a world map, where we appear so far away from the rest of the world. In this unique situation however, our isolation has been a huge advantage. By largely shutting the borders and containing the spread through government lead initiatives, we have been able to use our positioning to our benefit. The result of this is that New Zealand is better equipped than almost any other country to eradicate the threat of this virus quickly.
Although the event of COVID-19 has unravelled our routines, presented major financial challenges and resulted in a mutual feeling of uncertainty about our future, it has demonstrated how incredibly resilient we are as a country. It’s a time where we can be proud to call ourselves Kiwis, recognising the beautiful place in which we live, and all the amazing ways communities are pulling together and supporting one another throughout the nation.
At Location Homes we are a team that will continue to support each other, as well as the local people and businesses within our community. If you have any questions, or in need of some advice, please don’t hesitate to get in touch.
Kia kaha New Zealand.