New Zealand: Staff Report for the 2004 Article IV Consultation

May 5, 2004

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New Zealand: Staff Report for the 2004 Article IV Consultation, (USA: International Monetary Fund, 2004) accessed November 24, 2024

Summary

This 2004 Article IV Consultation highlights that economic growth in New Zealand slowed in early 2003 but rebounded in the latter part of the year. Real GDP growth declined from 4¼ percent in 2002 to a seasonally adjusted annualized rate of 2¾ percent in the first half of 2003, amid heightened international geopolitical tensions, concerns about SARS, and declines in farm output and hydroelectric generation related to a drought. The New Zealand dollar appreciated substantially during 2002 and 2003, but has depreciated somewhat since reaching a seven-year high in mid-February 2004.

Subject: Currencies, Exchange rates, External debt, Fiscal policy, Foreign exchange, Inflation, Prices, Public debt

Keywords: CR, Current account, Exchange rates, Financial system, Fiscal policy framework, GDP, Global, Inflation, ISCR, Labor market, Monetary policy, New Zealand dollar, Price index

Publication Details

Pages:

46
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2004/128
Stock No:

1NZLEA0032004
ISBN:

9781451830279
ISSN:

1934-7685

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