NZ WELL PLACED TO WEATHER GLOBAL FINANCIAL TURMOIL

The IMF reckons that NZ is well placed to pull through the global downturn compared to other nations.

It has to do with the fact we dont have toxic bank debts, we have a range of exports and the stimulus applied so far has had an impact.

So it seems that Keys upbeat address last week on the State of the Nation was pretty much on the button.

There will still be some tought times to come but we will come out of it quicker than other nations.