Finance Minister Grant Robertson said there was an "inbuilt bias" within business against Labour governments but rejected Bridges' claim that the Government's policies were to blame.
He said the fundamentals of the economy were still sound, unemployment was low, and debt was tracking down.
He said many economists believed there would be growth from fiscal stimulus as a result of the Families Package and infrastructure spending.
"So we'll continue to work with the business community on the issues that are concerning them but New Zealand remains a good place to do business."
Robertson pointed to former Prime Minister Sir John Key's comments at the National Party conference last weekend.
Key is the chair of the ANZ and had pointed to the likely impact on New Zealand from global economic slowdowns in countries such as China to large deficits in the US.
Key had put the drivers of any economic slowdown to those global factors, rather that the Government but had added he believed a National government would be better placed to deal with a slowdown.
Peters said both Key and Bridges were trying to talk down the economy for their own purposes, and insisted it would continue to grow.
National's finance spokeswoman Amy Adams has highlighted statistics showing business confidence in New Zealand had dropped from the second-highest level in the OECD to the second lowest.
Robertson dismissed that, saying New Zealand's business confidence was only fractionally lower than the long-run average.