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- while no additional stimulus needed, fiscal and monetary support should not be withdrawn prematurely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
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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???
