Hon GRANT ROBERTSON: The Reserve Bank forecast that GDP would go from being 19 percent below normal under level 3 to 8.8 percent below normal under level 2—an improvement of 10 percentage points. In comparison, a move to level 1 adds 5 percentage points, so half the value of a move from level 3 to level 2. While a move to level 1 would further free up activity, this research from the Reserve Bank shows just how significant the move from level 3 to level 2 was in terms of opening up the economy. The good news is that the vast bulk of the economy is now able to be back up and running at level 2, and a further step down to level 1 is primarily focused on increasing gathering size and reducing social distance requirements, which will add additional economic capacity.