New Zealand : 2013 Article IV Consultation

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New Zealand : 2013 Article IV Consultation
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Volume/Issue:
2013/117
Series:
IMF Staff Country Reports
Author(s):
International Monetary Fund. Asia and Pacific Dept
Publisher:
INTERNATIONAL MONETARY FUND
Published Date:
May 2013
DOI:
http://dx.doi.org/10.5089/9781484308837.002
ISBN:
9781484308837
ISSN:
1934-7685
Page:
54
New Zealand's economy continued to grow at a moderate rate, in part reflecting the effects of the recent drought and inflation. The macroeconomic policy has been framed to absorb adverse shocks with flexible exchange rates to serve as buffer. The planned pace of deficit reduction is balanced between sustaining aggregate demand and limiting public debt growth. Recent stress tests also showed that major banks could withstand a sizable shock to output, terms of trade, rising unemployment, and a fall in property prices.
Article

IMF Executive Board Concludes 2013 Article IV Consultation with New Zealand

Author(s):
International Monetary Fund. Asia and Pacific Dept
Published Date:
May 2013
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