IMF warning: NZ economy has lost momentum | WHAT REALLY HAPPENED


IMF warning: NZ economy has lost momentum

New Zealand's economic expansion has lost momentum and while the near-term outlook is expected to improve, risks are increasingly tilted to the downside, according to the International Monetary Fund.

The global body of 189 member countries, set up to foster international monetary cooperation, said the expected improvement in the second half of this year and in 2020 largely reflects increased monetary and fiscal policy support, while the terms of trade are expected to continue supporting domestic demand.

"The near-term boost in growth should lead to a positive output gap and a gradual acceleration of inflation towards the 2 per cent mid-point of the RBNZ's target range," the IMF said in its concluding statement describing the preliminary findings of visiting staff.

*We're going down with the rest of the world!*

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