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The New Zealand government’s economic response to coronavirus has been criticised as “startlingly flat-footed” and a symptom of “complacency”.

New Zealand Prime Minister Jacinda Ardern and Finance Minister Grant Robertson arrive during a press conference on March 09, 2020 in Wellington, New Zealand. Photograph: Hagen Hopkins/Getty Images

On Tuesday, the New Zealand stock market dropped 4.85% in the first half hour of trading, prompting opposition leader Simon Bridges to claim the Labour government wasn’t doing enough to stimulate the economy and look after the tourism, education and export industries.