New Zealand: Staff Report for the 2005 Article IV Consultation Discussions

Author: International Monetary Fund

Volume/Issue: Volume 2005 Issue 152

Publication date: May 2005

ISBN: 9781451830293

$20.00

Add to Cart by clicking price of the language and format you'd like to purchase

Available Languages and Formats


English

Prices in red indicate formats that are not yet available but are forthcoming.

Topics covered in this book

This title contains information about the following subjects. Click on a subject if you would like to see other titles with the same subjects.

Exports and Imports , Inflation , Labor , Economics- Macroeconomics , ISCR , CR , net , GDP , staff , debt , New Zealand dollar , headline CPI inflation , IMF information notice system index , consumer spending , banking system , debt ratio , Inflation , Productivity , Employment , Australia and New Zealand , Global

Also of interest

Nepal

Grenada

Peru

Republic of Congo : 2001 Article IV

Summary

This 2005 Article IV Consultation highlights that New Zealand’s GDP growth was particularly strong in 2004, at 4.8 percent, led by a surge in domestic demand. Private consumption grew by 6 percent, reflecting high employment growth, strong commodity prices, and household borrowing against rising housing values. Business investment also increased rapidly, powered by robust sales, and strong profitability. Growth is projected to slow in the near term, to about 2¾ percent in 2005–06. Consumer spending is expected to moderate owing to a cooling of the housing market and the effects of higher interest rates.