IMF gives the New Zealand economy a tick of approval … but concerned on the house price bubble

An International Monetary Fund staff report, says:

  • New Zealand’s sound management of covid-19 has enabled
    faster-than-expected economic recovery
  • while no additional stimulus needed, fiscal and monetary support
    should not be withdrawn prematurely
  • NZ economy is expected to continue recovering in the near term at a
    more moderate pace
  • NZ inflation is only expected to durably reach 2% in 2023
  • New Zealand’s unsustainable house prices could trigger an eventual,
    pronounced correction

The IMF comments on NZ’s economy and policy are nothing new really, The warning on the housing bubble is pretty vanilla too. 

Who runs that place now anyway???

An International Monetary Fund staff report, says:

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By Jonathan Prop

Jonathan Prop is an independent financial advisor. He has been working in finance for the last 20 years. After retiring early in his 40s, Jonathan decided to help others get to grip with financial markets, particularly his area of expertise - forex!

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