New Zealand's Finance Minister: Global slowdown is a risk to New Zeland's economy

New Zealand Finance Minister Grant Robertson while speaking in Parliament on Wednesday said the global economic slowdown is  risk to New Zealand's economy.

Robertson's comments come a week after the Reserve Bank of New Zealand adopted a looser policy stance due to the weaker outlook of the international economy.

The central bank said last week that the more likely direction of the next OCR (overnight cash rate) move is down.