IMF Staff Country Reports

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

Publication Date:

June 7, 2012

Electronic Access:

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Summary:

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.

Series:

Country Report No. 2012/132

Subject:

Asset and liability management Balance of payments Banking Current account deficits Debt reduction External debt External position Foreign liabilities International trade Terms of trade