Hon GRANT ROBERTSON (Minister of Finance): Last week, international credit ratings agency Standard & Poor's (S&P) published its latest forecast for Asia-Pacific economies, factoring in the potential impacts from the global economic disruption caused by COVID-19. S&P forecasts the New Zealand economy to grow at 2 percent in 2020, rising to 2.9 percent in 2021. This is in line with other guidance from economists in recent weeks. It is important to note that this is a rapidly changing situation. Treasury is currently undertaking detailed scenario analysis of how the global disruption from COVID-19 might feed through to the New Zealand economy as part of the Budget process. The good news is that the New Zealand economy is in good shape as we go into this: net Government debt is at 19.5 percent of GDP—