New Zealand: 2025 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for New Zealand

Author: International Monetary Fund. Asia and Pacific Dept

Volume/Issue: Volume 2025 Issue 114

Publication date:

ISBN: 9798229011570

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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 , Finance , Inflation , Labor , Public Finance , Demography , Productivity , Expenditure , Financial sector stability , Current account deficits , Inflation , Infrastructure , Aging , Labor markets , Housing

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Summary

Tight monetary policy has helped bring inflation back to target after a prolonged period of elevated price pressures, but at the expense of growth. A nascent recovery is underway as monetary policy is easing again. House prices have stabilized, and financial sector risks are contained. The current juncture presents an opportunity for a bold reform agenda to address medium- and long-term challenges stemming from an aging population and weak productivity growth.