New Zealand : 2013 Article IV Consultation

Publication Date: May 14, 2013
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Summary: New Zealand’s economy continued to grow at a moderate rate, in part reflecting the effects of the recent drought and inflation. The macroeconomic policy has been framed to absorb adverse shocks with flexible exchange rates to serve as buffer. The planned pace of deficit reduction is balanced between sustaining aggregate demand and limiting public debt growth. Recent stress tests also showed that major banks could withstand a sizable shock to output, terms of trade, rising unemployment, and a fall in property prices.
Series: Country Report No. 13/117
Subject(s): Article IV consultation reports | Economic recovery | Fiscal policy | Current account deficits | External debt | Savings | Debt sustainability | Housing | Banking sector | Monetary policy | Economic indicators | Public information notices | Staff Reports | New Zealand

Publication Date: May 14, 2013
ISBN/ISSN: 9781484308837/1934-7685 Format: Paper
Stock No: 1NZLEA2013001 Pages: 54
US$18.00 (Academic Rate:
US$18.00 )
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