New Zealand: Staff Report for the 2001 Article IV Consultation

March 27, 2002

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New Zealand: Staff Report for the 2001 Article IV Consultation, (USA: International Monetary Fund, 2002) accessed December 26, 2024

Summary

This 2001 Article IV Consultation highlights that since early 2001, domestic demand growth has recovered in New Zealand and contributed to sustain GDP growth in the wake of weaker net exports, owing to the economic slowdown in the rest of the world. The sharp rise in economic activity pushed the economy to a high level of resource use, as capacity utilization rates rose markedly in 2001. An improvement in business and consumer confidence in the first months of 2002 suggests that domestic demand is likely to maintain its momentum in the first half of 2002.

Subject: Exchange rates, Fiscal policy, Foreign exchange, Inflation, Labor, Migration, Population and demographics, Prices, Tax incentives

Keywords: Australia and New Zealand, CR, Economic growth prospect, Economy, Employment growth, Exchange rates, Global, Government, Growth potential, Inflation, ISCR, Migration, New Zealand dollar, Reserve bank of New Zealand, Wage inflation

Publication Details

Pages:

67
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2002/071
Stock No:

1NZLEA0012002
ISBN:

9781451830170
ISSN:

1934-7685

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