New Zealand: Staff Report for the 2006 Article IV Consultation

May 4, 2006

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New Zealand: Staff Report for the 2006 Article IV Consultation, (USA: International Monetary Fund, 2006) accessed December 23, 2024

Summary

This 2006 Article IV Consultation highlights that following a vigorous expansion in recent years, a cyclical slowing in New Zealand’s economy commenced in 2005, with growth declining to 2¼ percent. Economic growth had averaged 4¼ percent annually in 2002–04, with domestic demand boosted by large migration inflows, wealth effects from rising housing prices, and income effects from high commodity prices. With slower growth easing resource pressures, inflation is expected to moderate, allowing an eventual easing in monetary policy.

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

Keywords: CR, Demand, Economy, Europe, Exchange rates, Global, Headline CPI inflation, House price growth, House price inflation, Housing prices, IMF information notice system index, Inflation, Inflation expectation, ISCR, Net, New Zealand financial system, Price, Slowing economy

Publication Details

Pages:

32
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2006/160
Stock No:

1NZLEA2006001
ISBN:

9781451830323
ISSN:

1934-7685

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