The secret to the success of New Zealand in fighting the COVID Pandemic. 

ASB and ANZ banks both expect the country’s economy to contract by around 6% this year as a result of the pandemic, as told by the New Zealand Herald report.

A tax refund package was announced to deal with this that will see over 3 billion New Zealand dollars ($1.8 billion) refunded to small businesses, apart from that Ardern along with her entire cabinet and all public executives took a 20% pay cut. The total fiscal stimulus stood at 4% of GDP. Other than that money will go toward health costs, income support, and the airline industry.

Lastly Geographic advantage:

New Zealand as noted earlier is sparsely populated. Its population is just approx 5 million. There are Indian cities with triple the population. It’s an island country and enjoys the advantage of being physically cut off from the rest of the world. One can contribute a huge chunk of its success to such demographic factors too.