Government ministers gather at Parliament on Tuesday for the first full Cabinet meeting of the year, with the economic crisis likely to be at the top of the agenda.
Treasury has warned that deteriorating economic conditions could result in the economy standing still this year, with unemployment almost doubling to 7% next year, rising to 7.5% by 2011.
Prime Minister John Key says extra measures will be needed to tackle the crisis, including an employment summit in Auckland next month, in addition to the Government's action plan for its first 100 days in office.