New Zealand : Staff Report for the 2004 Article IV Consultation

Author/Editor:

International Monetary Fund

Publication Date:

May 5, 2004

Electronic Access:

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Summary:

This 2004 Article IV Consultation highlights that economic growth in New Zealand slowed in early 2003 but rebounded in the latter part of the year. Real GDP growth declined from 4¼ percent in 2002 to a seasonally adjusted annualized rate of 2¾ percent in the first half of 2003, amid heightened international geopolitical tensions, concerns about SARS, and declines in farm output and hydroelectric generation related to a drought. The New Zealand dollar appreciated substantially during 2002 and 2003, but has depreciated somewhat since reaching a seven-year high in mid-February 2004.

Series:

Country Report No. 04/128

Subject:

English

Publication Date:

May 5, 2004

ISBN/ISSN:

9781451830279/1934-7685

Stock No:

1NZLEA0032004

Price:

$15.00 (Academic Rate:$15.00)

Format:

Paper

Pages:

46

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