IMF Staff Country Reports

New Zealand: Staff Report for the 1999 Article IV Consultation

Publication Date:

September 15, 1999

Electronic Access:

Free Download. Use the free Adobe Acrobat Reader to view this PDF file

Summary:

This 1999 Article IV Consultation highlights that economic performance of New Zealand improved during the 1990s. Inflation averaged about 2 percent, compared with nearly 10 percent in the 1980s, while economic growth also picked up. Despite these improvements, the current account deficit remains high, increasing the economy’s vulnerability to external shocks. Although growth performance has improved, most estimates suggest that the potential growth rate remains too low to close the per capita income gap between New Zealand and the advanced-economy average.

Series:

Country Report No. 1999/103

Subject:

Balance of payments Current account deficits Exchange rates Expenditure External debt Fiscal policy Foreign exchange

Notes:

Included with the Staff Report is the text of Public Information Notice No. 99/89--IMF Concludes Article IV Consultation with New Zealand.