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New Zealand: 2010 Article IV Consultation: Staff Report; and Public Information Notice on the Executive Board Discussion

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  • International Monetary Fund

Abstract

New Zealand rode out the global crisis better than most advanced economies, thanks to strong demand from fast-growing Asian markets and the robust Australian economy, a flexible exchange rate, the absence of a banking crisis, and significant and effective policy easing. This 2010 Article IV Consultation highlights that a gradual recovery is expected to continue, with growth projected at 3 percent in 2010–11. The outlook is subject to downside risks related to the pace of global recovery and borrowing costs for countries with high external debt, such as New Zealand.

Suggested Citation

  • International Monetary Fund, 2010. "New Zealand: 2010 Article IV Consultation: Staff Report; and Public Information Notice on the Executive Board Discussion," IMF Staff Country Reports 2010/144, International Monetary Fund.
    • Handle: RePEc:imf:imfscr:2010/144
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