New Zealand Government -
The IMF is forecasting annual economic growth in
"This is the latest in a series of encouraging reports on the
"The IMF highlights the importance of getting the Government's books back to surplus to help the
"A range of indicators points to broad-based growth in the economy. Building consents in March were nearly double the number issued three years ago. Business confidence remains near 20-year highs. And employment figures showed 84,000 more jobs in the year to March - the largest annual increase in employment since 2004.
"Sticking to our responsible economic management will help ensure Budget forecasts for strong economic growth, average wage increases of
The IMF is expecting
"Although this longstanding imbalance remains a vulnerability, the latest figures are encouraging with Statistics New Zealand showing the current account deficit at 3.4 per cent of GDP,"
"Getting on top of Government spending to keep interest rates down and promote broad-based economic growth is a key plank of that improvement.
"Overall, the IMF report confirms the Government's economic programme is taking
"This is the best way to support jobs and raise New Zealanders' living standards."
The IMF report is available at: http://www.imf.org/external/pubs/cat/longres.aspx?sk=41620.0
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