Hon GRANT ROBERTSON (Minister of Finance): I've received a range of advice from Treasury on the fiscal and economic impacts of this global pandemic and, indeed, the Government's strategy to respond to it. This continues to support the view that the best economic response is a strong public health response. Treasury's assessment of the latest alert level decision includes looking at the Government's approach through the wellbeing approach and Living Standards Framework. This is important because the Government can not only take a narrow, short-term view on these significant decisions which impact New Zealanders' lives and livelihoods. Our approach is to take a balanced decision which incorporates all advice, including from health experts, and which incorporates the potential medium- and long-term implications of the decisions we make. On this specific resurgence of the virus, Treasury's estimate is that the impact on GDP is $500 million per week. This fits within the range of other economic forecasters who have estimated this to be between $300 million and $600 million per week. The number of jobs affected by the current resurgence is difficult to forecast given that these are specific business decisions that will take into account the impact of wage subsidies, other Government support, and how quickly we move back down the alert levels.