New Zealand: Staff Report for the 2014 Article IV Consultation
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. 2014/158
Subject:
Exchange rates External debt Foreign exchange Housing prices Inflation International trade Prices Terms of trade
English
Publication Date:
June 9, 2014
ISBN/ISSN:
9781498392143/1934-7685
Stock No:
1NZLEA2014001
Pages:
38
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