NZ economy loses momentum, risks tilted to downside - IMF

Tue, 25 Jun 2019

By Rebecca Howard June 26 (BusinessDesk) - 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...

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