Cover IMF Staff Country Reports
New Zealand: Staff Report for the 2004 Article IV Consultation
Author: International Monetary Fund
Series:
IMF Staff Country Reports
Volume/Issue:
Volume 2004: Issue 128
Language:
English
Publication Date:
05 May 2004
DOI:
https://doi.org/10.5089/9781451830279.002
ISBN:
9781451830279
ISSN:
1934-7685
Pages:
46
Keywords:
ISCR; CR; GDP; New Zealand dollar; monetary policy; fiscal policy framework; price index; labor market; financial system; current account; Exchange rates; Inflation; Global
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This 2004 Article IV Consultation highlights that economic growth in New Zealand slowed in early 2003 but rebounded in the latter part of the year. Real GDP growth declined from 4¼ percent in 2002 to a seasonally adjusted annualized rate of 2¾ percent in the first half of 2003, amid heightened international geopolitical tensions, concerns about SARS, and declines in farm output and hydroelectric generation related to a drought. The New Zealand dollar appreciated substantially during 2002 and 2003, but has depreciated somewhat since reaching a seven-year high in mid-February 2004.
Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund