Bouncing back, but challenges remain

The bounce back from Lockdown 2.0 has begun, but the overall recovery has been restrained by Auckland remaining at higher alert levels. This week’s move to Level 3 for the Super City is welcome news, with a larger amount of economic activity to take place. But there remain risks for the pace of New Zealand’s rebound, with supply chain issues and the need to balance health and economic priorities creating a difficult set of circumstances.