This is a presentation given by Reserve Bank Governor Alan Bollard to the Jobs Summit on February 17. It is titled "The Global Recession and how we cope."

1. 2009 Job Summit World Recession & How We Cope Alan Bollard, Governor Reserve Bank of New Zealand 27 February 2009

2. The biggest destruction of global wealth ever? $3 trillion Lost output $4 trillion Housing $30 trillion Equity Markets $2 trillion Credit-related losses Value loss (est. $US)

3. Trading partner growth slows Asian Crisis Tech Bubble Sars Financial Crisis

4. Trading partner growth slows Asian Crisis Tech Bubble Sars Financial Crisis

5. Lower growth world must adjust Consumption, currencies Reserves Savings, exports Currencies

7. … but we don’t escape unscathed

8. … but we don’t escape unscathed New Zealand

9. Domestic credit growth Agriculture Business Household

10. Intended Investment & Employment Investment Employment