New Zealand: Staff Report for the 2000 Article IV Consultation
IMF Staff Country Reports, October 27, 2000
Source details
- Canonical URL
- New Zealand: Staff Report for the 2000 Article IV Consultation
Other formats
Bibliographic details
- Published: October 27, 2000
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451830163.002
Summary
- "The resilience displayed by the New Zealand economy throughout the turbulence is a clear testimony of the benefits of the economic reforms."
- Executive Directors:
- appreciated the developments in the New Zealand economy.
- cautioned against reforms that could reduce labor and product market flexibility.
- suggested that the authorities should be flexible and pragmatic in their implementation.
- commended the authorities for the high quality of economic and financial statistics.
- agreed that the country is well placed to absorb shocks without undue economic or financial distress.
Main findings and themes
- Economic resilience attributed to economic reforms.
- Emphasis on preserving labor and product market flexibility.
- Recommendation for flexible and pragmatic implementation of future reforms.
- High quality of economic and financial statistics noted as a strength.
- Overall assessment: capacity to absorb shocks without undue distress.
Subjects and keywords
- Subjects:
- Balance of payments
- Current account deficits
- Employment
- Expenditure
- Labor
- Labor markets
- Pension spending
- Pensions
- Keywords:
- business confidence survey
- CR
- Current account deficits
- deficit
- economy
- Employment
- Global
- government forum
- ISCR
- Labor markets
- New Zealand monetary policy framework
- non-executive directors committee
- Pension spending
- Pensions
- reserve bank's practice
- staff estimate
Content in this bundle
- New Zealand: 2000 Article IV Consultation - ISCR/00/138