New Zealand Staff Report for the 2014 Article IV Consultation

This 2014 Article IV Consultation highlights that the economic expansion in New Zealand is becoming increasingly embedded and broad based, with growth exceeding 3 percent in the second half of 2013. The drivers include supportive financial conditions, record high export commodity prices, resurgent c...

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Bibliographic Details
Corporate Author: International Monetary Fund Asia and Pacific Dept
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 2014
Series:IMF Staff Country Reports
Subjects:
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
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651 4 |a New Zealand 
653 |a Economic policy 
653 |a Inflation 
653 |a Real Estate 
653 |a Terms of trade 
653 |a Deflation 
653 |a Housing Supply and Markets 
653 |a Housing 
653 |a Currency 
653 |a Exports and Imports 
653 |a International Lending and Debt Problems 
653 |a International economics 
653 |a External debt 
653 |a Debts, External 
653 |a Property & real estate 
653 |a Price Level 
653 |a Foreign Exchange 
653 |a International trade 
653 |a Banks and Banking 
653 |a Prices 
653 |a Macroeconomics 
653 |a Banking 
653 |a Empirical Studies of Trade 
653 |a Exchange rates 
653 |a Foreign exchange 
653 |a Housing prices 
653 |a Nternational cooperation 
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520 |a This 2014 Article IV Consultation highlights that the economic expansion in New Zealand is becoming increasingly embedded and broad based, with growth exceeding 3 percent in the second half of 2013. The drivers include supportive financial conditions, record high export commodity prices, resurgent construction activity related to the Canterbury post-earthquake rebuild and general housing shortages, and a substantial increase in net immigration. Growth is expected to increase to about 3½ percent in 2014 and moderate to a trend rate of 2½ percent over the medium term. Strong construction activity is expected to remain an important driver for near-term growth