Cover IMF Staff Country Reports
New Zealand: Staff Report for the 1999 Article IV Consultation
Author: International Monetary Fund
Series:
IMF Staff Country Reports
Volume/Issue:
Volume 1999: Issue 103
Language:
English
Publication Date:
15 Sep 1999
DOI:
https://doi.org/10.5089/9781451830156.002
ISBN:
9781451830156
ISSN:
1934-7685
Pages:
43
Keywords:
ISCR; CR; survey of expectation; monetary policy; basis point; deficit; economy; projects growth; output gap; GDP ratio; IMF staff estimate; Current account deficits; Exchange rates; Asia and Pacific; Global
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This 1999 Article IV Consultation highlights that economic performance of New Zealand improved during the 1990s. Inflation averaged about 2 percent, compared with nearly 10 percent in the 1980s, while economic growth also picked up. Despite these improvements, the current account deficit remains high, increasing the economy’s vulnerability to external shocks. Although growth performance has improved, most estimates suggest that the potential growth rate remains too low to close the per capita income gap between New Zealand and the advanced-economy average.
Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund