Christchurch quake: One-two punch for the economy

NzHerald

By John Drinnan and Brian Fallow

5:30 AM Wednesday Feb 23, 2011

The clean-up from last September's quake was barely under way when yesterday's 6.3 magnitude tremor struck. Photo / Getty Images

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The clean-up from last September’s quake was barely under way when yesterday’s 6.3 magnitude tremor struck. Photo / Getty Images

Canterbury’s second major earthquake is all bad news for the national economy, economists say.

As with the September quake, initially there will be disruption to commercial activity, and that will be amplified by the hit to confidence.

“The lesson of the first quake was that the disruption effect lasted longer than we anticipated,” Westpac economist Dominick Stephens said.

“And because of the loss of life, and just the ongoing nature of the thing, the effect on sentiment will be much larger.”

For more go here:  http://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=10708098

About Clare Swinney

Interested in what is genuinely going on, not in the disinformation promoted as "truth" by the corrupt mainstream media. Please keep an open mind and do your own research. M.Sc. (Hons) from Auckland University. If you came to this site via the 'Silly Beliefs' disinformation website, please read my response to their article at the link: https://chemtrailsnorthnz.wordpress.com/2012/10/20/sillybeliefs-coms-lies-about-chemtrails-geo-engineering-exposed/
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