As per views of the finance minister, the New Zealand economy must boost itself to deal with the risks, as the world's largest economies move into unexplored territory.

Mr. Bill English, the finance minister, said that the challenges faced by the economy of the United States, Europe, Japan and China, led to increase the risk to the global economy. He said that we are not in a dangerous territory but in an unknown territory.

Mr. English, at the Institute of Finance Professionals New Zealand (INFINZ) annual conference, said that the economic decisions made by other countries could not be powered by New Zealand, especially those which had affected the Kiwi's economy.

He said that those events are treated as the generators of waves that had washed up on our shore. The reduction in the US bond-buying program, the debt ceiling debacle, and the government shutdown were some of the reasons, which were held responsible for the cause of this big picture.

The previous week, Mr. English was having an annual meeting with the IMF and the World Bank governors in Washington DC. He also visited the New York Stock Exchange and met the Moody's and Standard & Poor's, the rating agencies.