New Zealand: 2014 Article IV Consultation-Staff Report; Press Release
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.
Year of publication: |
2014-06-09
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Institutions: | International Monetary Fund (IMF) ; International Monetary Fund |
Subject: | Article IV consultation reports | Monetary policy | Financial sector | Banks | Fiscal policy | Budget deficits | Economic indicators | Debt sustainability analysis | Staff Reports | Press releases | New Zealand |
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