New Zealand: 2010 Article IV Consultation: Staff Report; and Public Information Notice on the Executive Board Discussion

May 26, 2010

Preview Citation

Format: Chicago

New Zealand: 2010 Article IV Consultation: Staff Report; and Public Information Notice on the Executive Board Discussion, (USA: International Monetary Fund, 2010) accessed December 26, 2024

Summary

New Zealand rode out the global crisis better than most advanced economies, thanks to strong demand from fast-growing Asian markets and the robust Australian economy, a flexible exchange rate, the absence of a banking crisis, and significant and effective policy easing. This 2010 Article IV Consultation highlights that a gradual recovery is expected to continue, with growth projected at 3 percent in 2010–11. The outlook is subject to downside risks related to the pace of global recovery and borrowing costs for countries with high external debt, such as New Zealand.

Subject: Balance of payments, Banking, Central bank policy rate, Current account deficits, External debt, Financial services, Foreign exchange, Public debt, Real effective exchange rates

Keywords: $NZ 3, Central bank policy rate, CR, Crown debt, Current account deficits, Deficit, Exchange, Exchange arrangement, GDP, Global, IMF information notice system index, ISCR, Liability positions vis-a-vis nonresident, Rate, Real effective exchange rates

Publication Details

Pages:

44
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2010/144
Stock No:

1NZLEA2010001
ISBN:

9781455202713
ISSN:

1934-7685

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