New Zealand: Recent Economic Developments

International Monetary Fund

No 1996/014, IMF Staff Country Reports from International Monetary Fund

Abstract: This paper reviews economic developments in New Zealand during 1992–95. According to the production measure, growth began to pick up in the middle of 1991, rising to about 3 percent in 1992/93, before jumping to nearly 6 percent in each of 1993/94 and 1994/95. Although export performance remained strong, the net contribution of the external balance turned negative in 1992/93–1994/95, as imports of capital goods surged in line with the expansion of investment. Gross fixed capital formation increased by 23 percent in real terms in 1994/95.

Keywords: ISCR; CR; New Zealand dollar; exchange rate; foreign currency; monetary policy; real GDP; private sector; labor market; headline inflation; Inflation; Exports; Currencies; Exchange rates; Asia and Pacific; East Asia; South Asia (search for similar items in EconPapers)
Pages: 108
Date: 1996-02-20
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