I've been a prophet of doom for some time now, mainly because the world economy has just been bumping along the bottom. Now the real slowdown has started, kicked off by this new virus from China, called the Coronavirus.
In NZ this has had the immediate effect of shutting down tourism, but also log exports. That's because there's no-one in China at work ready to handle the shipments. Expect this situation to worsen across a whole range of goods.
Maybe people will wake up and stop relying on China for everything. If we had our own industry, such as milling our own timber, then this kind of event would have a minimal effect.
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