New Zealand: 2014 Article IV Consultation-Staff Report; Press Release

Publication Date: June 09, 2014
Electronic Access: Free Full text (PDF file size is 1,222KB).
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Summary: This 2014 Article IV Consultation highlights that the economic expansion in New Zealand is becoming increasingly embedded and broad based, with growth exceeding 3 percent in the second half of 2013. The drivers include supportive financial conditions, record high export commodity prices, resurgent construction activity related to the Canterbury post-earthquake rebuild and general housing shortages, and a substantial increase in net immigration. Growth is expected to increase to about 3½ percent in 2014 and moderate to a trend rate of 2½ percent over the medium term. Strong construction activity is expected to remain an important driver for near-term growth.
Series: Country Report No. 14/158
Subject(s): Article IV consultation reports | Monetary policy | Financial sector | Banks | Fiscal policy | Budget deficits | Economic indicators | Debt sustainability analysis | Staff Reports | Press releases | New Zealand

Publication Date: June 09, 2014
ISBN/ISSN: 9781498392143/1934-7685 Format: Paper
Stock No: 1NZLEA2014001 Pages: 38
US$18.00 (Academic Rate:
US$18.00 )
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