An economist says we're already in a recession.
A nationwide lockdown has begun in this country and will go on for at least four weeks to limit the spread of Covid-19.
Kiwibank chief economist Jarrod Kerr told Kate Hawkesby economic activity is contracting.
He says economists are trying to figure out how deep this recession will be.
Kerr says they're expecting a three quarter economic contraction and hoping New Zealand will recover as going into next year.