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New Zealand: 2012 Article IV Consultation: Staff Report; Staff Supplement; Public Information Notice

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  • International Monetary Fund

Abstract

The New Zealand economy continues to grow at a modest pace. The 2012 Article IV Consultation reports that domestic demand has remained soft as households and businesses continue to deleverage amid a weak housing market and an uncertain outlook. Executive Directors endorse that output growth should pick up somewhat in 2012 as earthquake reconstruction spending is expected to gain pace. High household debt is likely to weigh on the growth of private consumption as households will need to save to strengthen their balance sheets.

Suggested Citation

  • International Monetary Fund, 2012. "New Zealand: 2012 Article IV Consultation: Staff Report; Staff Supplement; Public Information Notice," IMF Staff Country Reports 2012/132, International Monetary Fund.
    • Handle: RePEc:imf:imfscr:2012/132
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    Cited by:

    1. Rabah Arezki & Mustapha K. Nabli, 2012. "Natural Resources, Volatility, and Inclusive Growth: Perspectives from the Middle East and North Africa," OxCarre Working Papers 086, Oxford Centre for the Analysis of Resource Rich Economies, University of Oxford.
    2. Ansgar Belke & Daniel Gros & Alcidi Cinzia & Leonor Coutinho & Alessandro Giovannini, 2014. "Exit State-of-play in Implementing Macroeconomic Adjustment Programmes in the Euro Area," ROME Working Papers 201405, ROME Network.
    3. Asian Development Bank (ADB), 2012. "Continuing Reform to Promote Growth: Update of the Private Sector Assessment for Tonga," ADB Reports RPT124857-2, Asian Development Bank (ADB), revised 28 Jan 2013.
    4. Gros, Daniel & Alcidi, Cinzia & Belke, Ansgar & Coutinho, Leonor & Giovannini, Alessandro, 2014. "State-of-Play in Implementing Macroeconomic Adjustment Programmes in the Euro Area," Ruhr Economic Papers 482, RWI - Leibniz-Institut für Wirtschaftsforschung, Ruhr-University Bochum, TU Dortmund University, University of Duisburg-Essen.

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