PHOTO: STACY SQUIRES/STUFF Kiwis need to talk to their banks if they can’t pay the mortgage and other bills as the coronavirus spreads.

Kiwis are urged to talk to their banks if they can’t pay the mortgage and other bills as the effects of the coronavirus spread.

Government actions to slow the spread of the coronavirus, including limits on gatherings to 100 people and closing the border, are already hitting tourism and hospitality businesses. As the threat level rises, increasingly severe measures will be rolled out, based on a four-stage virus alert system announced on Saturday.

Job losses could reach 67,000 as coronavirus sees international tourism dry up and consumers shut their wallets.

Banks will take a profit hit, said Massey University banking expert David Tripe, but it was in their interest to try to keep personal customers afloat.