New Zealand: Staff Report for the 2000 Article IV Consultation

The resilience displayed by the New Zealand economy throughout the turbulence is a clear testimony of the benefits of the economic reforms. Executive Directors appreciated these developments, and cautioned against reforms that could reduce labor and product market flexibility, and suggested that the authorities should be flexible and pragmatic in their implementation. They commended the authorities for the high quality of economic and financial statistics, and agreed that the country is well placed to absorb shocks without undue economic or financial distress.
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Volume/Issue: Volume 2000 Issue 138
Publication date: October 2000
ISBN: 9781451830163
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Topics covered in this book

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Business and Economics , Banks and Banking , Exports and Imports , Labor , Economics- Macroeconomics , Public Finance , ISCR , CR , economy , New Zealand monetary policy framework , deficit , reserve bank's practice , business confidence survey , non-executive directors committee , government forum , staff estimate , Current account deficits , Employment , Pensions , Labor markets , Pension spending , Global

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Summary

The resilience displayed by the New Zealand economy throughout the turbulence is a clear testimony of the benefits of the economic reforms. Executive Directors appreciated these developments, and cautioned against reforms that could reduce labor and product market flexibility, and suggested that the authorities should be flexible and pragmatic in their implementation. They commended the authorities for the high quality of economic and financial statistics, and agreed that the country is well placed to absorb shocks without undue economic or financial distress.

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