NZ economy not likely to be badly hurt by dairy scare: Finance minister
WELLINGTON (REUTERS) - The New Zealand economy is likely to escape any significant damage as a result of the Fonterra contamination scare, the finance minister said on Tuesday.
Mr Bill English said the ban on some dairy products made from the suspect Fonterra ingredient was limited and affected a small range of goods.
"The economic impact of the amount of product currently under restrictions is sufficiently small (that) it wouldn't have a discernible product on our GDP," Mr English said in reply to a question in the parliament.
However, he said there was some longer term risk to the country's reputation.