Hon GRANT ROBERTSON (Minister of Finance): I know that this is a popular moment in the day for everybody. The Government's efforts to secure the recovery has been recognised once again by the global ratings agencies. Standard & Poor's global rating said in its mid-year update released yesterday that New Zealand's strong fiscal and monetary response to the pandemic, as well as the confidence in the Government's public health measures, have seen the economy recover much faster than expected. The ratings agency expects New Zealand to outpace its peers in the Asia-Pacific region, noting that economic activity has returned to its pre-pandemic trend in early 2021, making New Zealand one of the first countries to do so.