Hon GRANT ROBERTSON: Just this morning the OECD released its latest interim economic outlook, highlighting that global growth prospects remain highly uncertain as a result of the COVID-19 outbreak. The OECD has downgraded its forecast for global growth this year by half a percentage point to 2.4 percent. In its downside scenario, in which the outbreak lasts longer and is more intensive, the OECD suggests global growth could fall as low as 1.5 percent in 2020. Similar to the OECD, the Government has been planning for three scenarios. As I mentioned last week several times, we are moving more towards the second scenario now, which is based on a longer-lasting shock with global impact feeding through to the economy for the rest of 2020. Planning for this scenario and, indeed, further scenarios continues so that we can act swiftly and decisively as the impacts of the coronavirus are felt on the global and domestic economy. These responses will include sector- and regional-specific ones.