New Zealand had its worst day in the share market since the start of the Covid-19 pandemic today, while other countries had even greater falls with billions of dollars lost in a matter of hours.
Several investment banks in the US now say there is a nearly 50 percent chance of a global recession.
Is there anything we can do down in the South Pacific to protect ourselves and our industries like wine and meat which are highly dependent on the US?
Infometrics chief executive Brad Olsen speaks to Emile Donovan.