01678cas a2200241 a 4500 AALejournalIMF003583 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451830293 1934-7685 BD-DhAAL BD-DhAAL International Monetary Fund. New Zealand : Staff Report for the 2005 Article IV Consultation Discussions. Washington, D.C. : International Monetary Fund, 2005. 1 online resource (50 pages) IMF Staff Country Reports <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This 2005 Article IV Consultation highlights that New Zealand's GDP growth was particularly strong in 2004, at 4.8 percent, led by a surge in domestic demand. Private consumption grew by 6 percent, reflecting high employment growth, strong commodity prices, and household borrowing against rising housing values. Business investment also increased rapidly, powered by robust sales, and strong profitability. Growth is projected to slow in the near term, to about 2 3/4 percent in 2005-06. Consumer spending is expected to moderate owing to a cooling of the housing market and the effects of higher interest rates. Mode of access: Internet IMF Staff Country Reports; Country Report ; No. 2005/152 Full text available on IMF http://elibrary.imf.org/view/journals/002/2005/152/002.2005.issue-152-en.xml IMF e-Library