New Zealand: Staff Report for the 2014 Article IV Consultation

June 9, 2014

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Format: Chicago

New Zealand: Staff Report for the 2014 Article IV Consultation, (USA: International Monetary Fund, 2014) accessed September 18, 2024

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.

Subject: Exchange rates, External debt, Foreign exchange, Housing prices, Inflation, International trade, Prices, Terms of trade

Keywords: Bank financing, Consumer confidence confidence indicator, CR, Exchange arrangement, Exchange rates, Global, Headline inflation, House price inflation, Housing prices, Inflation, ISCR, Liability positions vis-à-vis nonresident, New Zealand dollar, Potential GDP, Rate, Terms of trade

Publication Details

Pages:

38
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2014/158
Stock No:

1NZLEA2014001
ISBN:

9781498392143
ISSN:

1934-7685

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