IMF Staff Country Reports

New Zealand: 2010 Article IV Consultation: Staff Report; and Public Information Notice on the Executive Board Discussion

Publication Date:

May 26, 2010

Electronic Access:

Free Download. Use the free Adobe Acrobat Reader to view this PDF file

Summary:

New Zealand rode out the global crisis better than most advanced economies, thanks to strong demand from fast-growing Asian markets and the robust Australian economy, a flexible exchange rate, the absence of a banking crisis, and significant and effective policy easing. This 2010 Article IV Consultation highlights that a gradual recovery is expected to continue, with growth projected at 3 percent in 2010–11. The outlook is subject to downside risks related to the pace of global recovery and borrowing costs for countries with high external debt, such as New Zealand.

Series:

Country Report No. 2010/144

Subject:

Balance of payments Banking Central bank policy rate Current account deficits External debt Financial services Foreign exchange Public debt Real effective exchange rates