Hon GRANT ROBERTSON (Minister of Finance): In its latest weekly commentary, released yesterday, Westpac said that "There was a definite bounce in the economy after the Alert Level 4 lockdown was lifted,". It said recent card-spending data points to an encouraging degree of resilience in households' spending appetites, while key indicators such as electricity demand, heavy and light traffic movements, and a slower pace of job losses recently were also pointing to a faster recovery than we had expected. Westpac said that although there had been a large lift in the number of people on the jobseeker benefit, it was a more modest increase than expected, largely due to the Government's wage subsidy scheme. Accordingly, it expects unemployment may not reach its own forecast peak of 9.5 percent. I am pleased to see that this commentary recognises the impact of New Zealanders' efforts in getting the virus under control, coupled with the Government's unprecedented level of economic support so that we have the best chance of our economy recovering well.