Rural outlook 'better than most' post COVID-19, says economist

As the COVID-19 crisis batters economies around the world, an economist says the outlook for the New Zealand rural sector remains generally positive.

ASB senior rural economist Nathan Penny told Rural Exchange offshore supply chains were being prioritised, and there was a good base level of demand for food.

However he was expecting a fall in demand for some premium goods.

"That's where I am a little more cautious, but generally the outlook is better than most for rural," said Penny.

Watch the video to see Nathan Penny's interview.

This article was created for Bayleys Real Estate, as a sponsor of the Pulse of the Country on Rural Exchange.

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