New Zealand : Staff Report for the 2005 Article IV Consultation Discussions.

This 2005 Article IV Consultation highlights that New Zealand's GDP growth was particularly strong in 2004, at 4.8 percent, led by a surge in domestic demand. Private consumption grew by 6 percent, reflecting high employment growth, strong commodity prices, and household borrowing against risin...

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Detalles Bibliográficos
Autor Corporativo: International Monetary Fund
Formato: Revista
Idioma:English
Publicado: Washington, D.C. : International Monetary Fund, 2005.
Series:IMF Staff Country Reports; Country Report ; No. 2005/152
Acceso en liña:Full text available on IMF
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520 3 |a This 2005 Article IV Consultation highlights that New Zealand's GDP growth was particularly strong in 2004, at 4.8 percent, led by a surge in domestic demand. Private consumption grew by 6 percent, reflecting high employment growth, strong commodity prices, and household borrowing against rising housing values. Business investment also increased rapidly, powered by robust sales, and strong profitability. Growth is projected to slow in the near term, to about 2 3/4 percent in 2005-06. Consumer spending is expected to moderate owing to a cooling of the housing market and the effects of higher interest rates. 
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