Oecd Economic Surveys 在線電子書 圖書標籤:
發表於2024-08-24
Oecd Economic Surveys 在線電子書 pdf 下載 txt下載 epub 下載 mobi 下載 2024
The economic recovery in New Zealand that began in
the second half of 1998, supported by stimulative monetary
and fiscal policies, gathered considerable momentum dur-
ing the course of the following year, as the situation in Asian
markets and climatic conditions at home improved, with
strong growth (of nearly 6 per cent) through 1999, economic
slack was rapidly absorbed. However, since then, despite
strong trading-partner growth and a very competitive
exchange rate, economic activity in New Zealand has weak-
ened significantly, reflecting interest rate increases from late
1999 and a slump in business and consumer confidence
associated in part with a negative private-sector reaction to
policies announced by the new government. Consumer
price inflation remained subdued until mid-year but moved
to the top of the official 0 to 3 per cent target range in the
September 2000 quarter, and input and producer prices as
well as surveyed pricing intentions point to rising inflation
pressures. At the same time, the large current account deft-
cit, which had temporarily narrowed during the 1998 reces-
sion, has widened again, reflecting New Zealand s high
marginal propensity to import and persistently unfavour-
able terms of trade.
Following the recent growth pause - the economy may
have expanded by around I per cent during the course of
2000 - the pace of activity is expected to accelerate again,
with r~al GDP growth stabilising at just under 3 per cent by
2002. This projection is based on the assessment that curZ
rent depressed confidence levels are out of step with some
positive fundamentals, which should reassert themselves
over time. In particular, New Zealand s very favourable com-
petitive position should allow exporters to take advantage
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Oecd Economic Surveys 在線電子書 pdf 下載 txt下載 epub 下載 mobi 下載 2024