New Zealand 2007 Article IV Consultation: Staff Report; Public Information Notice; and Statement by Executive Director for New Zealand on the Executive Board Discussion

This 2007 Article IV Consultation highlights that the economic downturn of New Zealand that commenced in 2005 has proved to be short lived. In early 2006, the economy appeared to be cooling quickly, with quarterly growth dropping to zero and confidence and demand indicators deteriorating. Some neede...

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Bibliographic Details
Corporate Author: International Monetary Fund
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 2007
Series:IMF Staff Country Reports
Subjects:
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
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653 |a Expenditures, Public 
653 |a Fiscal policy 
653 |a National Government Expenditures and Related Policies: General 
653 |a Housing prices 
653 |a Foreign exchange 
653 |a Housing Supply and Markets 
653 |a Foreign Exchange 
653 |a Macroeconomics 
653 |a Prices 
653 |a Housing 
653 |a Public Finance 
653 |a Deflation 
653 |a Inflation 
653 |a Exports and Imports 
653 |a Price Level 
653 |a Currency 
653 |a Real Estate 
653 |a Expenditure 
653 |a International economics 
653 |a Property & real estate 
653 |a Fiscal Policy 
653 |a Public finance & taxation 
653 |a Exchange rates 
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520 |a This 2007 Article IV Consultation highlights that the economic downturn of New Zealand that commenced in 2005 has proved to be short lived. In early 2006, the economy appeared to be cooling quickly, with quarterly growth dropping to zero and confidence and demand indicators deteriorating. Some needed rebalancing of the economy took place. Over the last few months, the cycle has turned again. A range of indicators in late 2006 and early 2007 suggest that domestic demand has regained momentum. These include a resurgent housing market and improved business and consumer confidence