We will not go back on our word and will ensure that all promises made during election campaign will happen.

The new, New Zealand Prime Minister, who defeated Helen Clark to claim the Prime Minister's seat said as part of his Party's task when they take office would be to address the forecasted looming economic downturn.

This follows a prediction earlier this week by the Deutsche Bank an international Investment Bank were they said that next year New Zealand's economy would face its biggest slowdown, where it would shrink by 0.7%, adding that unemployment would peak at 7%.

Key adds that before addressing any other Policies, it would be best to address the national issue.