Hon GRANT ROBERTSON (Minister of Finance): Today, Statistics New Zealand released GDP data for the March quarter, showing the initial impacts of COVID-19 on the economy as we moved early to close our borders and put public health measures in place to protect New Zealanders. The data showed GDP fell 1.6 percent in the March quarter from December, within the range of economists' expectations. Annual average GDP was up 1.5 percent from a year ago. We have always acknowledged that GDP in the March and June quarters in particular will show the impacts of the public health measures to protect New Zealand from the global COVID19 pandemic. It is these measures which have allowed us to open up the economy more quickly than planned and given us a head start on our recovery compared to many other countries in the world.