New Zealand : Staff Report for the 2014 Article IV Consultation

Author/Editor:

International Monetary Fund. Asia and Pacific Dept

Publication Date:

June 9, 2014

Electronic Access:

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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:

English

Publication Date:

June 9, 2014

ISBN/ISSN:

9781498392143/1934-7685

Stock No:

1NZLEA2014001

Price:

$18.00 (Academic Rate:$18.00)

Format:

Paper

Pages:

38

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