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International Monetary Fund says New Zealand is among the best placed in the world, to deal with an economic crisis. New Zealand's government debt is the second lowest of the 23 developed countries the IMF analyzed. Australia has the lowest debt level.
New Zealand, Denmark, Norway and South Korea, are among a handful of countries with strong enough public finances to deal with a significant downturn in the world economy. Greece, Italy, Japan and Portugal are considered the worst placed to deal with a downturn.