NZ has scope to accelerate infrastructure spending to close gap sooner, IMF says

Wed, 04 Jul 2018

By Paul McBeth July 4 (BusinessDesk) - New Zealand's government has a strong enough balance sheet to close the nation's infrastructure deficit sooner, which the International Monetary Fund says would generate long-term economic gains. The global body of 189 member countries, set up to foster international monetary cooperation, gave local policymakers a pass mark, saying "prudent macroeconomic policies" led to solid economic growth with a favourable outlook, albeit with some risks on the horizon. The formal report on New Zealand, known as...

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