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

Author: International Monetary Fund

Volume/Issue: Volume 2007 Issue 150

Publication date: May 2007

ISBN: 9781451830347

$20.00

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Topics covered in this book

This title contains information about the following subjects. Click on a subject if you would like to see other titles with the same subjects.

Exports and Imports , Inflation , Public Finance , ISCR , CR , consumer confidence , exchange rate , Headline CPI inflation , demand indicator , GDP , carry trade , inflation outlook , New Zealand dollar , market expectation , Exchange rates , Inflation , Housing prices , Global , Australia and New Zealand

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Nepal

Peru

Republic of Congo : 2001 Article IV

Summary

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.