New Zealand 2009
Series: OECD economic surveys -- v. 2009/4, Apr. 2009; OECD economic surveys -- v. 2009/4, April 2009.
Publisher: OECD
Published: 2009
Place of publication: Paris
Language: eng
Number of pages: 147
ISBN-13: 9789264054295; 9789264054288
Subjects: Economic conditions; Economic policy; Economic history
Other titles: New Zealand
Description: The global crisis is hitting New Zealand at a time when difficult domestic adjustment is underway. Its economy is among the most indebted in the OECD. Falling asset prices and a slump in credit demand mean that a process of debt reduction has started. Nevertheless persistent, large current-account deficits and a high external debt render the economy especially vulnerable. In this report, OECD projects that the economy will remain in recession through 2009, and recover only hesitantly in 2010. The report includes coverage of the macroeconomic situation, structural policies, and a detailed exa.
Notes: Includes bibliographical references.
Table of contents: title: Table of contents; Basic Statistics of New Zealand; Executive summary; Assessment and recommendations; Chapter 1. Macroeconomic adjustments in the current crisis; The domestic repercussions of fierce global shocks; The macroeconomic imbalances; Monetary policy and financial-market supervision before, during and after the financial crisis; Fiscal policy in the crisis and beyond; Notes; Bibliography; Chapter 2. Structural policies to overcome geographic barriers and create prosperity; Figure 2.1. Real GDP per person1; The sources of the prosperity gap; title: Create an international economic integration advantageCreate a public-sector advantage; Create an infrastructure advantage; Create an innovation advantage; Create an environmental advantage; Conclusion and policy recommendations; Notes; Bibliography; Annex 2.A1. Progress in structural reforms; Chapter 3. Health-care reform: Challenges for the next phase; Health-system performance; The fiscal sustainability challenge; The clinical sustainability challenge; Incentives for efficient health care choices ("value for money"); Conclusions; Notes; Bibliography