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IMF Review Support NZ Economic Plan


July, 05 2018
watermark Economic news

The latest annual review by the International Monetary Fund's (IMF) to the New Zealand economy reported that NZ’s economic plan will reinforce growth as well as to manage the infrastructure and social deficits that began in the previous years, according to Finance Minister Grant Robertson on Wednesday.


The “Article IV” of the showed government’s support to the country’s economic strategy while presenting autonomous forecasts which hinted an annual growth about 3 percent for the next five years amid new and growth-friendly programs, added Robertson.


Further policies include fees-free post-secondary training, KiwiBuild and the Review of the Reserve Bank Act, which received positive feedbacks. The Washington-based organization also stated that New Zealand’s plan to increase the minimum wage is expected to have a slight impact on the economy during the present economic environment, however, this will help balance out income inequality.


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Foreign exchange is highly speculative and complex in nature, and may not be suitable for all investors. Forex trading may result in a substantial gain or loss. Therefore, it is not advisable to invest money you cannot afford to lose. Before using the services offered by ForexMart, please acknowledge the risks associated with forex trading. Seek independent financial advice if necessary. Please note that neither past performance nor forecasts are reliable indicators of future results.