Originally posted by Wayne
View Post
True that massive amounts of overseas insurance money came in. True that there's been a lot of building and etc productivity. But how much other productivity was lost? How much of the money for supplies etc went straight back overseas for suppliers?
And more than that, how much of the building productivity would have happened anyway, elsewhere in the country?
When the earthquakes happened, the govt said something along the lines of "expecting a large boost to GDP as a result of the earthquake, but the net effect will be a significant negative". Again, haven't seen any stats to confirm or disprove.
Comment