As New Zealanders brace for a global downturn due to Covid-19, Deputy Prime Minister Winston Peters says his Coalition Government’s rescue package "more significant" than any other he's seen around the world.
The Coalition is to reveal a multi-billion-dollar stimulus plan on Tuesday afternoon designed to cushion the economic blow from the coronavirus by keeping people in jobs and businesses afloat.
Deputy Prime Ministe Peters this morning told reporters the plan was fit for the size of the crisis.
"It is more significant than any other package I've seen worldwide, but it's what we will have to do if we're to turn this thing around as fast as possible."
Mr Peters said the government had "always known" the country was headed for a recession and was now focused on the bounce-back.