New Zealand: Staff Report for the 2006 Article IV Consultation
Electronic Access:
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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.
Series:
Country Report No. 2006/160
Subject:
Exchange rates External debt Fiscal policy Foreign exchange Housing prices Inflation Prices
English
Publication Date:
May 4, 2006
ISBN/ISSN:
9781451830323/1934-7685
Stock No:
1NZLEA2006001
Pages:
32
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