Finance Minister Grant Robertson is rejecting a claim our businesses are rightly pessimistic.
National's finance spokeswoman Amy Adams says we have the second lowest business confidence figures in the developed world.
But Robertson says he sees quite a lot of optimism.
"The last time Labour was in government business confidence levels were even lower than they are now, and average growth was at 3.2%."
LISTEN ABOVE AS GRANT ROBERTSON SPEAKS TO MIKE HOSKING