Washington, DC: The Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation [1] with New Zealand. New Zealand's economy is in the midst of a necessary, policy-induced slowdown following the strong post-pandemic recovery. With exemplary management of the pandemic, New Zealand recovered faster than most other advanced economies. This supported activity and, together with generous fiscal and monetary support, resulted in strong investment and consumption. But this came at the cost of overheating against capacity constraints exacerbated by restrictions on labor movement due to border closures, and disruptions in global supply chains.

https://www.miragenews.com/imf-wraps-up-2023-article-iv-new-zealand-1073342/

#miragenews