Following the recent earthquakes in Canterbury, the massive rebuild is now on the brink of getting underway. The cost to rebuild our broken city has been estimated at somewhere between $20-30billion. Unquestionably, this is pretty serious money to be in circulation in a relatively confined part of the country’s economy.
Would it be fair to say that with the sheer quantity of funds being circulated locally that we will be somewhat isolated from the second belt of the global recession that looks poised to take hold, or is this just a fallacy that we could allow ourselves to be lulled into? I guess time and progress will be the true measure of this unique situation we find ourselves in now?
Personally, I would like to think that out of this adversity will come great opportunity, not only for business but also for individuals and at the very least we will have a stronger city both physically and socially. I think that we have all had to dig deep over the last 14 months and believe that as a result we will ultimately be better off because of the experience (obviously apart from the loss of lives).
As a Cantabrian I trust that you are enjoying the celebration of Cup Week and will be able to enjoy some time for yourself and those dear to you over the long weekend.