IMF blows in, saves the day

KiwiSaver hit another milestone in the June quarter, surpassing $100b for the first time, according to new Reserve Bank of NZ figures. (Image: Getty)

David Chaplin

Wed, 30 Aug 2023

After breezing into town earlier this year, the International Monetary Fund administered its usual dose of high-level economic nostrums in a final report handed down on Monday: spend less; tax better; control inflation. New Zealand, the International Monetary Fund (IMF) says, is doing okay on some of these measures amid a “marked, but orderly, policy-induced slowdown” and an out-of-whack current account deficit. It could all go haywire, of course, with dangers lurking in “the external environment and a potential need...

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