This report of the Debt Sustainability Analysis (DSA) indicates that the envisaged strategy of a partial substitution of domestic debt by increased inflows of external grants and concessional loans, as well as a rescheduling of external debt by the Paris and London Clubs, would facilitate the...

This Selected Issues paper explores New Zealand's productivity growth in a cross-country perspective, reflects on business dynamism in New Zealand and its implications for productivity, and considers some of the factors shaping the costs and incentives for investment and innovation toward a more...

The 2025 Article IV Consultation with New Zealand discusses that tight monetary policy has helped bring inflation back to target after a prolonged period of elevated price pressures, but at the expense of growth. A nascent recovery is underway as monetary policy is easing again. House prices...

New Zealand’s economy continued to grow at a moderate rate, in part reflecting the effects of the recent drought and inflation. The macroeconomic policy has been framed to absorb adverse shocks with flexible exchange rates to serve as buffer. The planned pace of deficit reduction is balanced...

The New Zealand economy continues to grow at a modest pace. The 2012 Article IV Consultation reports that domestic demand has remained soft as households and businesses continue to deleverage amid a weak housing market and an uncertain outlook. Executive Directors endorse that output growth...

This Selected Issues paper and Statistical Appendix reviews the performance of New Zealand and compares its growth rates of output, inputs, and total factor productivity during 1978–96 with 10 other economies. This study applies a common methodology across countries, not only for the growth...

This paper reviews economic developments in New Zealand during 1992–95. According to the production measure, growth began to pick up in the middle of 1991, rising to about 3 percent in 1992/93, before jumping to nearly 6 percent in each of 1993/94 and 1994/95. Although export performance...

This Selected Issues paper and Statistical Appendix describes New Zealand’s evolving approach to inflation targeting. It describes the experience of New Zealand with inflation targeting, and discusses the motives behind the change in its approach toward a more flexible framework. The paper...

This Selected Issues paper examines saving trends in New Zealand. The paper highlights that although national saving has risen since the early 1990s, it remains below the levels recorded in the early 1980s, and the increase has been insufficient to finance the additional investment expenditure...

This 1999 Article IV Consultation highlights that economic performance of New Zealand improved during the 1990s. Inflation averaged about 2 percent, compared with nearly 10 percent in the 1980s, while economic growth also picked up. Despite these improvements, the current account deficit remains...