New Zealand : 2012 Article IV Consultation: Staff Report; Staff Supplement; Public Information Notice

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New Zealand : 2012 Article IV Consultation: Staff Report; Staff Supplement; Public Information Notice
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Volume/Issue:
2012/132
Series:
IMF Staff Country Reports
Author(s):
International Monetary Fund
Publisher:
INTERNATIONAL MONETARY FUND
Published Date:
June 2012
DOI:
http://dx.doi.org/10.5089/9781475504125.002
ISBN:
9781475504125
ISSN:
1934-7685
Page:
45
The New Zealand economy continues to grow at a modest pace. The 2012 Article IV Consultation reports that domestic demand has remained soft as households and businesses continue to deleverage amid a weak housing market and an uncertain outlook. Executive Directors endorse that output growth should pick up somewhat in 2012 as earthquake reconstruction spending is expected to gain pace. High household debt is likely to weigh on the growth of private consumption as households will need to save to strengthen their balance sheets.

New Zealand: Staff Report for the 2012 Article IV Consultation—Informational Annex

Author(s):
International Monetary Fund
Published Date:
June 2012
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