S&P Global Ratings in its latest report confirmed the AA rating for New Zealand and maintained a positive outlook, citing strong fundamentals. The fiscal position should strengthen after the coronavirus pandemics are contained. Experts estimate that New Zealand's economy will shrink by 2.4% in 2020, then will grow by 1.7% in 2021 and by 4.4% in 2022. It is believed that New Zealand's economy is in recession, and the fiscal position of the government is significantly weakening.

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