New Zealand: 2009 Article IV Consultation: Staff Report; Public Information Notice on the Executive Board Discussion

May 14, 2009

Preview Citation

Format: Chicago

New Zealand: 2009 Article IV Consultation: Staff Report; Public Information Notice on the Executive Board Discussion, (USA: International Monetary Fund, 2009) accessed November 21, 2024

Summary

After several years of strong growth, the New Zealand economy entered a recession in early 2008. The 2009 Article IV Consultation highlights that the near-term outlook for New Zealand is weak. Executive Directors have noted that the significant fiscal stimulus under way will help cushion the near-term impact of the downturn. They have also commended the authorities for taking timely measures to strengthen confidence and support bank access to funding, including through the introduction of funding guarantees and the expansion of the Reserve Bank’s liquidity facilities and acceptable collateral instruments.

Subject: Balance of payments, Banking, Current account deficits, Exchange rates, External debt, Foreign exchange, Inflation, Prices, Public debt

Keywords: Bank financing, CR, Current account, Current account deficits, Economy, Exchange arrangement, Exchange rates, Global, IMF information notice system index, Inflation, Inflation pressure, ISCR, Rate, Report form, SDR

Publication Details

Pages:

37
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2009/145
Stock No:

1NZLEA2009001
ISBN:

9781451830378
ISSN:

1934-7685

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