OECD Economic Surveys: New Zealand 2019

Download or read book OECD Economic Surveys: New Zealand 2019 written by OECD and published by OECD Publishing. This book was released on 2019-06-25 with total page 195 pages. Available in PDF, EPUB and Kindle. Book excerpt: Well-being in New Zealand is generally high, although there is room for improvement in incomes, housing affordability, distribution, water quality and GHG emissions. Economic growth is projected to remain around 21⁄2 per cent. The main risks to the outlook are rising trade restrictions and a housing market correction. Labour market reforms have been initiated to increase wages for the low paid but will need to be implemented cautiously to minimise potential adverse effects. Substantial planned increases in bank capital requirements should reduce the expected costs of financial crises but might reduce economic activity.