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IMF says New Zealand’s economy is in the midst of a necessary, policy-induced slowdown

IMF says New Zealand’s economy is in the midst of a necessary, policy-induced slowdown
The International Monetary Fund (IMF) with its New Zealand: Staff Concluding Statement of the 2023 Article IV MissionIn summary:New Zealand is likely to continue slowing in the near term as monetary tightening takes hold. Inflation is declining but will remain high for a while. The current account balance has deteriorated significantly, reflecting excess demand and one-off factors. Macroeconomic policies should retain a restrictive bias. Fiscal policy should prioritize the recovery from the floo... Read More
Posted: Jun 14 2023, 03:53
Author Name: forexlive
Views: 102210

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