New Zealand: Staff Report for the 2006 Article IV Consultation

Author: International Monetary Fund

Volume/Issue: Volume 2006 Issue 160

Publication date: May 2006

ISBN: 9781451830323

$20.00

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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 , Inflation , Public Finance , ISCR , CR , demand , price , economy , net , inflation expectation , slowing economy , headline CPI inflation , house price inflation , New Zealand financial system , house price growth , IMF information notice system index , Exchange rates , Inflation , Housing prices , Global , Europe

Also of interest

Grenada

Nepal

Peru

Republic of Congo : 2001 Article IV

Summary

This 2006 Article IV Consultation highlights that following a vigorous expansion in recent years, a cyclical slowing in New Zealand’s economy commenced in 2005, with growth declining to 2¼ percent. Economic growth had averaged 4¼ percent annually in 2002–04, with domestic demand boosted by large migration inflows, wealth effects from rising housing prices, and income effects from high commodity prices. With slower growth easing resource pressures, inflation is expected to moderate, allowing an eventual easing in monetary policy.