New Zealand, as a resource based economy anxious to protect and promote its clean and green image, appropriately sees green growth as a natural direction for future development.
From the mid 1980s, New Zealand was widely considered to be a leader in liberalising product market regulation (PMR).
A considerable housing boom has been a key feature of persistently large saving investment imbalances in New Zealand over the past decade.
The recession has highlighted the need for structural reforms to help the New Zealand economy adjust towards a more sustainable growth path. This survey discusses policies to reduce external vulnerabilities, rebalance housing markets, improve product market regulation and foster green growth.
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This note is taken from Chapter 3 of Economic Policy Reforms: Going for Growth 2010.
Economic forecasts for GDP, unemployment, inflation and fiscal balance.
New Zealand’s living standards remain well below the OECD average. This is entirely attributable to persistently low labour productivity, which in turn is related to economic geography as well as structural policy factors.
Country Notes from OECD Economic Policy Reforms: Going for growth 2011 presenting OECD recommendations for structural reform priorities for individual countries.
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External links to: recent economic data; current interest rates and exchange rates; latest macroeconomic reports; current outlook and projections; government budget information; speeches; relevant sites.
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This note, taken from Chapter 3 of Economic Policy Reforms: Going for Growth 2009, contains information about the progress in implementing reforms in line with the 2008 priorities for New Zealand.