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by xupybd 1209 days ago
It will be interesting to see what happens as a result of the flooding. I imagine New Zealand's economy is going to take an extra hit with that.
2 comments

It tends to release a lot of insurance money into the economy and a lot of work restoring things. Not good for inflation. A bunch of the mid/large (for NZ) tech sector companies tend to be a bit divorced from the NZ economy as many target a global audience, biggest factors tend to be the exchange rate/cost of living.
Boom times for anyone in road building and construction, probably. It's been described as a billion dollar weather event on par with the Christchurch earthquake 10+ years ago.