IMF Staff Country Reports

New Zealand: Staff Report for the 2004 Article IV Consultation

Publication Date:

May 5, 2004

Electronic Access:

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

Summary:

This 2004 Article IV Consultation highlights that economic growth in New Zealand slowed in early 2003 but rebounded in the latter part of the year. Real GDP growth declined from 4¼ percent in 2002 to a seasonally adjusted annualized rate of 2¾ percent in the first half of 2003, amid heightened international geopolitical tensions, concerns about SARS, and declines in farm output and hydroelectric generation related to a drought. The New Zealand dollar appreciated substantially during 2002 and 2003, but has depreciated somewhat since reaching a seven-year high in mid-February 2004.

Series:

Country Report No. 2004/128

Subject:

Currencies Exchange rates External debt Fiscal policy Foreign exchange Inflation Prices Public debt