But the good news for New Zealanders is that we entered into this period in good shape. Our economic plan was showing benefits right across the economy, and in the face of the global headwinds we'd seen in the last couple of years with the US-China trade war and Brexit, we were coming through particularly well. We have been growing at a faster rate than many of the countries that we typically compare ourselves to, including Australia, Canada, the UK, the eurozone, and Japan. Looking across fiscal and monetary policy across our labour market, across consumer confidence, and even, in the last months of 2019, business confidence, we saw that the economy was on the improve.