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

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