New Zealand

New Zealand
Author :
Publisher : International Monetary Fund
Total Pages : 54
Release :
ISBN-10 : 9781484308837
ISBN-13 : 1484308832
Rating : 4/5 (832 Downloads)

Book Synopsis New Zealand by : International Monetary Fund. Asia and Pacific Dept

Download or read book New Zealand written by International Monetary Fund. Asia and Pacific Dept and published by International Monetary Fund. This book was released on 2013-05-14 with total page 54 pages. Available in PDF, EPUB and Kindle. Book excerpt: New Zealand’s economy continued to grow at a moderate rate, in part reflecting the effects of the recent drought and inflation. The macroeconomic policy has been framed to absorb adverse shocks with flexible exchange rates to serve as buffer. The planned pace of deficit reduction is balanced between sustaining aggregate demand and limiting public debt growth. Recent stress tests also showed that major banks could withstand a sizable shock to output, terms of trade, rising unemployment, and a fall in property prices.


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