2002 OECD Economic Surveys: New Zealand 2002

image of OECD Economic Surveys: New Zealand 2002

This 2002 edition of OECD's periodic economic reviews for New Zealand examines recent economic developments, policies and prospects and  includes special features on public spending and raising output growth.

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Assessment and recommendations

The New Zealand economy has been remarkably resilient

over the past year, particularly given the background of a

world economy in mild recession. Economic activity gradually

gathered strength in 2001, after having been held back in the

second half of 2000 by deteriorating confidence, higher

energy prices and rising interest rates. The impact of slowing

external demand and subdued investment was more than offset

by the vigorous expansion of consumer spending, supported

by robust employment growth and rising export

incomes. ...

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