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New Zealand: Staff Report for the 2014 Article IV Consultation

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  • International Monetary Fund

Abstract

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.

Suggested Citation

  • International Monetary Fund, 2014. "New Zealand: Staff Report for the 2014 Article IV Consultation," IMF Staff Country Reports 2014/158, International Monetary Fund.
    • Handle: RePEc:imf:imfscr:2014/158
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    File URL: http://www.imf.org/external/pubs/cat/longres.aspx?sk=41620
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    Cited by:

    1. Dejan Romih & Andreja Primec, 2015. "Slovenia’S Trade In Goods And Services With Australia And New Zealand," Annals - Economy Series, Constantin Brancusi University, Faculty of Economics, vol. 1, pages 153-158, January.

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