We heard—in fact, we quote—the rate of economic growth is projected to rise in 2020 and beyond—the outlook for GDP growth to increase from 2.2 percent in 2019 to over 2.8 percent in 2021. I said to the committee at the time, "That headline is misleading." But I think it might have been the chair herself who wanted me to then look at the next headline, which was—and I quote—"But the full impact of COVID-19 outbreak on the economy is unknown". And with that I totally agree because I remember the questions we raised of the Secretary to the Treasury and of Adrian Orr, the Governor of the Reserve Bank. We were asking them: what about the effect of COVID-19? This is now three weeks after the outbreak had reached prominence in China, so it was early in the current worldwide development of COVID-19. Neither Mrs McLeish or Mr Orr had a clue as to how COVID-19 would affect the New Zealand economy. 