Economic cost tallied for Auckland floods and Cyclone Gabrielle
The Treasury expects ongoing impact on economic output over coming years.
Lost production from orchards and vineyards has put a dent in economic output.
The Treasury estimates the damage wreaked by the Auckland floods and Cyclone Gabrielle could have caused a $400 million to $600m loss in economic output in the first six months of this year.
In a briefing note it estimates economic growth could be $100m less a year over coming years as a result of
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