Despite New Zealand’s success in containing the spread of COVID-19, experts say long-term economic recovery is unlikely to be V-shaped – however, good financial literacy and advice will be at the heart of how well businesses and individuals can cope.
Economist Cameron Bagrie says New Zealand is at an interesting junction in its path to recovery, and with customers’ risk appetites changing, the role of insurance, mortgage and investment advisers will be more crucial than ever.
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