Hon GRANT ROBERTSON: Last week, the World Bank released its latest Global Economic Prospects report forecasting the global economy to contract by 5.2 percent in 2020, the deepest recession since World War II. This recession is expected to be particularly acute in advanced economies, which are collectively forecast to contract by 7 percent. Similarly, the IMF Chief Economist said on Monday that the global economic crisis is "unlike anything the world has seen before" and its forecast in April of a 3 percent contraction for the global economy this year will likely be even worse in its June World Economic Outlook. As I've mentioned previously in this House, the OECD has also revised down its forecast for the global economy. All of these reports are useful reminders that despite some recent good economic news in New Zealand, the pandemic is still ongoing and will require a sustained response from the Government.