New Zealand: 2007 Article IV Consultation: Staff Report; Public Information Notice; and Statement by Executive Director for New Zealand on the Executive Board Discussion

May 7, 2007

Preview Citation

Format: Chicago

New Zealand: 2007 Article IV Consultation: Staff Report; Public Information Notice; and Statement by Executive Director for New Zealand on the Executive Board Discussion, (USA: International Monetary Fund, 2007) accessed November 22, 2024

Summary

This 2007 Article IV Consultation highlights that the economic downturn of New Zealand that commenced in 2005 has proved to be short lived. In early 2006, the economy appeared to be cooling quickly, with quarterly growth dropping to zero and confidence and demand indicators deteriorating. Some needed rebalancing of the economy took place. Over the last few months, the cycle has turned again. A range of indicators in late 2006 and early 2007 suggest that domestic demand has regained momentum. These include a resurgent housing market and improved business and consumer confidence.

Subject: Exchange rates, Expenditure, Fiscal policy, Foreign exchange, Housing prices, Inflation, Prices

Keywords: Australia and New Zealand, Carry trade, Consumer confidence, CR, Demand indicator, Exchange rate, Exchange rates, GDP, Global, Headline CPI inflation, Housing prices, Inflation, Inflation outlook, ISCR, Market expectation, New Zealand dollar

Publication Details

Pages:

33
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2007/150
Stock No:

1NZLEA2007001
ISBN:

9781451830347
ISSN:

1934-7685

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