New Zealand Economic Snapshot

Economic Survey of New Zealand (May 2024)

After a strong recovery from the pandemic, the New Zealand economy has slowed, with higher interest rates weighing on housing construction, and inflation undermining purchasing power and consumption. Monetary policy has tightened significantly since late 2021 and proved efficient at reining in inflation. Better control of government spending is needed to keep fiscal consolidation on track in the short run and restore fiscal space for ageing-related expenditures and the green transition in the long run. New Zealand also faces an investment gap in addressing the needs of a rapidly growing population.

Executive Summary



2 May 2024

Latest Economic Outlook Note – New Zealand

© Shutterstuck/beanimages

Access the note
September 2023

Economic Policy Reforms: Going for Growth 2023 - New Zealand

© r.classen/

Read full country note