New Zealand: 2024 Article IV Consultation-Press Release; and Staff Report

May 14, 2024

Preview Citation

Format: Chicago

New Zealand: 2024 Article IV Consultation-Press Release; and Staff Report, (USA: International Monetary Fund, 2024) accessed November 21, 2024

Summary

The New Zealand economy slowed considerably in 2023, following a period of strong growth, and some previous significant imbalances are finally correcting. Tight monetary policy has put inflation on a meaningful downward path but remains high. Some of the overvaluation in housing prices has also reversed. The external balance is slowly improving, though the current account deficit is still large. An ambitious agenda of broad-based reforms is underway by the new coalition government.

Subject: Housing, Inflation, International organization, Labor, Labor markets, Monetary policy, National accounts, Prices, Production, Productivity

Keywords: Consultation cycle, FSAP mission, FSAP participation, Global, Housing, Inflation, Inflation expectation, Labor markets, Monetary and financial statistics, Productivity

Publication Details

Pages:

88
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2024/122
Stock No:

1NZLEA2024001
ISBN:

9798400275227
ISSN:

1934-7685

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