New Zealand: 2018 Article IV Consultation – Press Release; Staff Report; and Statement by the Executive Director for New Zealand
IMF Staff Country Reports, July 3, 2018
Source details
- Canonical URL
- New Zealand: 2018 Article IV Consultation – Press Release; Staff Report; and Statement by the Executive Director for New Zealand
Other formats
Bibliographic details
- Published: July 3, 2018
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781484365816.002
Summary findings
- New Zealand's economy has enjoyed a solid expansion since 2011.
- With a persistent net migration wave, potential output has moved closely in line with actual output.
- Economic slack has decreased slowly.
- Macroeconomic imbalances overall have narrowed.
- Macro-financial vulnerabilities have risen with rapid house price increases.
- The new coalition government seeks to make growth more inclusive.
Key themes and analysis
- Output and potential
- Persistent net migration has shifted potential output to move closely in line with actual output.
- The reduction in economic slack has been gradual rather than abrupt.
- Prices and inflation
- Consumer price inflation is identified among the subject areas of the report.
- Housing and financial vulnerabilities
- Rapid house price increases are linked to rising macro-financial vulnerabilities.
- Housing and housing prices are highlighted subjects in the report.
- Policy orientation
- The new coalition government's stated objective is to make growth more inclusive.
Publication metadata and identifiers
- Publication date: July 3, 2018
- Pages: 59
- Volume: 2018
- Issue: 202
- Series: Country Report No. 2018/202
- DOI: https://doi.org/10.5089/9781484365816.002
- Stock No: 1NZLEA2018001
- ISBN: 9781484365816
- ISSN: 1934-7685
Subjects and keywords
- Subject: Housing, Housing prices, Income, Inflation, National accounts, Prices, Private investment
- Keywords: consumer price inflation, CR, financial asset, Global, government, government's intention, Housing, Housing prices, Income, Inflation, ISCR, monetary policy, policy agenda, Private investment, screening regime, stats NZ
International Monetary Fund. New Zealand: 2018 Article IV Consultation – Press Release; Staff Report; and Statement by the Executive Director for New Zealand (July 3, 2018).
Content in this bundle
- Country Report