Hon GRANT ROBERTSON (Minister of Finance): I stand by my full statement, which was, "New Zealand is in a strong position economically. We have lower employment. We have good levels of growth. There are now some things coming through that are the problems of growth, but there are parts of our system designed to manage that." I further went on to note, "We've managed to come through the biggest shock to the economy in many, many decades strongly, with high levels of unemployment, with resource consents increasing well beyond where we've been in the past." We are seeing some inflation as a result of the level of economic activity hitting up against some of the constraints on the current environment, including the COVID-19 - related restrictions around migration and some disruptions to global supply chains. We would much rather see an economy with low unemployment and strong wage growth that is pushing against those constraints than see a weak recovery where economic activity was far below capacity.