The election campaign focused on the economy this week, with Labour and National offering different takes on how to get out of our new recession.
The Pre-election Economic and Fiscal Update released this week forecasts a 7.8 percent peak in the March 2022 quarter - down from 9.8 percent forecast for this September quarter.
Finance Minister Grant Robertson says under the last forecast 268,000 people would have been out of work - now 50,000 fewer will be jobless.
Net core Crown debt of $83.4 billion is forecast to climb to $201.1 billion - or 55.3 percent of GDP - by 2023/24.
The weeks put New Zealand's economy in a recession for the first time in 11 years - marked by two quarters of negative growth.
In response, National is promising a temporary "massive" tax cuts which it says will put $3000 in the back pocket of middle New Zealanders.
If elected, the party would lift the bottom, middle and top tax thresholds in a bid to "let Kiwis keep more of what they earn".
The overall size of National's plan is $10 billion over five years and will be paid for by using the unallocated portion of the Government's Covid-19 fund and by spending less money than a Labour Government would over the same period.
NZ Herald political reporter Jason Walls joined Francesca Rudkin to discuss what it all means.