Cautious optimism
Article Abstract:
The government is confident about New Zealand's economy despite fears caused by the devaluation of the New Zealand dollar in 1991. The exchange rate for the dollar has stabilized, annual inflation has not risen beyond 1% and trade figures have shown a significant increase. The nation's exports have grown by 12.5% to $9.6 billion and imports have increased by 9.8% with major gains in manufacturing rather than consumer products. The government is, however, wary about the 1992 budget deficit, which currently stands at 4.2% of the Gross domestic product (GDP) as against 4.3% in 1991.
Publication Name: Far Eastern Economic Review
Subject: Business, international
ISSN: 0014-7591
Year: 1992
User Contributions:
Comment about this article or add new information about this topic:
Mixed signals
Article Abstract:
New Zealand's Treasury expects a budget surplus of NZ$1.5 billion for the fiscal year to June 1998, with surpluses forecast until they year 2000. However, GDP grew by only 1.6% from January to June 1997 which is 3.1% less than the last six months of 1996. Export growth was only 1.3% from September 1996 to 1997 but this may improve now that the New Zealand dollar has been depreciated. The balance-of-payments deficit is currently 6.3% of GDP and it is likely to worsen. This may reduce investments.
Publication Name: Far Eastern Economic Review
Subject: Business, international
ISSN: 0014-7591
Year: 1997
User Contributions:
Comment about this article or add new information about this topic:
Cautious optimism
Article Abstract:
New ZealandEs economy is presently facing a spate of problems due it various reasons even though it achieved 4.4% Gross Domestic Product (GDP) growth rate in 2002. The economic plans of New ZealandEs Finance Ministry and economic growth rate forecast of New Zealand for the next four years have been provided.
Publication Name: Far Eastern Economic Review
Subject: Business, international
ISSN: 0014-7591
Year: 2003
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: The nuclear option. Foreign favorites. China's oil shock
- Abstracts: Fly in the ointment. Dogfight over Asia. Shake-up in the air
- Abstracts: Cleared for action. A different style. Patten can help break deadlock; he should offer to help prepare for new elections in 1997
- Abstracts: Outside Gatt's door: quick entry is unlikely for China, Taiwan. The bottom line; Taiwan capital, factories pour into China
- Abstracts: Chinese lessons. And now for China. Courting the dragon