IDEAS home Printed from https://ideas.repec.org/p/imf/imfscr/2026-230.html

New Zealand: 2026 Article IV Consultation-Press Release; and Staff Report

Author

Listed:
  • International Monetary Fund

Abstract

The 2026 Article IV Consultation discusses that the New Zealand economy was finding its footing in early 2026, before the onset of the Middle East war. Real gross domestic product is estimated to have expanded by 0.2 percent in 2025, supported by household consumption amid easing debt service costs and favorable export prices. New Zealand’s strong institutions and policy frameworks continue to support resilience, but the nascent recovery is being delayed by the oil price shock and elevated uncertainty. Growth is projected to strengthen as energy prices normalize and confidence recovers. Fiscal policy should continue to balance near-term support for the recovery with credible medium-term consolidation. The authorities’ targeted and temporary response to the oil price shock has been appropriate, protecting vulnerable households while preserving price signals and fiscal space. Financial stability risks remain contained. Banks are well capitalized, liquid, profitable, and supported by stable funding. Continued structural reform efforts are needed to revive productivity growth and translate New Zealand’s strong artificial intelligence preparedness into economic gains while managing its impact on worker displacement.

Suggested Citation

  • International Monetary Fund, 2026. "New Zealand: 2026 Article IV Consultation-Press Release; and Staff Report," IMF Staff Country Reports 2026/230, International Monetary Fund.
    • Handle: RePEc:imf:imfscr:2026/230
    as

    Download full text from publisher

    File URL: https://www.imf.org/en/publications/longres?sk=579101
    Download Restriction: no
    ---><---

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:imf:imfscr:2026/230. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Akshay Modi (email available below). General contact details of provider: https://edirc.repec.org/data/imfffus.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.