Hon GRANT ROBERTSON (Minister of Finance): We know that COVID-19 will have a significant impact on New Zealand's economy, particularly in the short term. There are, however, a range of reports that demonstrate the solid momentum behind the economy going into this situation. Yesterday, Statistics New Zealand released overseas trade data for the December 2019 quarter showing New Zealand's terms of trade reached an all-time high at the end of last year—up 2.6 percent on the back of higher meat and wood prices. Last week, Statistics New Zealand also released overseas merchandise trade data for January, showing exports had continued to rise at the start of the year—up 8.8 percent on January 2019. And on Friday, Treasury released the latest Crown accounts for the seven months to the end of January, showing a surplus of $1.4 billion and net debt below forecast at 19.5 percent of GDP. While the coronavirus will continue to have an impact on the New Zealand economy, these reports show that we are in a strong position to respond to the impacts.