NZ govt has scope to lean against housing imbalance, IMF says

Tue, 10 Nov 2015

By Paul McBeth Nov. 10 (BusinessDesk) - The New Zealand government's strong fiscal record, which saw it generate an operating surplus in the 2015 financial year, gives it enough leeway to increase spending on infrastructure to offset slowing economic growth and lean against the supply imbalance in Auckland's housing market. The International Monetary Fund recommends the government allow short-term stabilisers such as a depreciating currency to take the edges off slowing economic growth, while accelerating investment in infrastructure and...

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