New Zealand
Download or Read eBook New Zealand PDF 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.
| Author | : International Monetary Fund. Asia and Pacific Dept |
| Publisher | : International Monetary Fund |
| Total Pages | : 54 |
| Release | : 2013-05-14 |
| ISBN-10 | : 9781484308837 |
| ISBN-13 | : 1484308832 |
| Rating | : 4/5 (37 Downloads) |
Book Synopsis New Zealand by : International Monetary Fund. Asia and Pacific Dept
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.
