Cover IMF Staff Country Reports
New Zealand: 2012 Article IV Consultation: Staff Report; Staff Supplement; Public Information Notice
Author:
International Monetary Fund
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Series:
IMF Staff Country Reports
Volume/Issue:
Volume 2012: Issue 132
Language:
English
Publication Date:
07 Jun 2012
DOI:
https://doi.org/10.5089/9781475504125.002
ISBN:
9781475504125
ISSN:
1934-7685
Pages:
45
Keywords:
ISCR; CR; surplus; ANNEX I. fund relation; revisions to GDP; liability positions vis-à-vis nonresident; exchange arrangement; ANNEX II; social security fund; Current account deficits; Debt reduction; Foreign liabilities; Terms of trade; Global
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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.
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Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund
Volume 2012: Issue 132