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Economic Issues in New Zealand PDF

   

Added on  2019-10-31

14 Pages2653 Words253 Views
0MACROECONOMIC ANALYSIS OF NEW ZEALANDMACROECONOMIC ANALYSIS OF NEW ZEALANDName of Student:Name of University:Author Note:

1MACROECONOMIC ANALYSIS OF NEW ZEALANDEXECUTIVE SUMMARYThe national equilibrium of a nation is combined effect of the equilibrium maintained in bothgoods and money market. based on the economic condition, government undertakes fiscal an dmonetary policies to deal with current economic issues. In this report the national economiccondition of New Zeal land has been discussed with shedding light on the current economicproblems the country is diagnosed with and suffering from. Based on the macroeconomicpolicies that the national government has undertaken, the report has been an analytical content togive an overview of the facts and its causes and effects. The conclusion from the report is thatcurrent economic policies are mostly contractionary leading to fall in GDP and increased rate ofinterest.

2MACROECONOMIC ANALYSIS OF NEW ZEALANDTABLE OF CONTENTINTRODUCTION...........................................................................................................................3DISCUSSION..................................................................................................................................4ROLE OF FISCAL AND MONETARY POLICIES:.................................................................4ECONOMIC ISSUES IN NEW ZEALAND:.............................................................................5RECENT ISSUES:......................................................................................................................5MACROECONOMIC POLICIES ADOPTED (2106-2017):.....................................................6IMPACT ON NATIONAL ECONOMIC PERFORMANCE:....................................................9CONCLUSION..............................................................................................................................11REFERENCE................................................................................................................................12

3MACROECONOMIC ANALYSIS OF NEW ZEALANDINTRODUCTION New Zealand The national economy of New Zealand ranks 53rd and 68th global positionsin terms of nominal GDP and Purchasing Power Parity. The country is highly globalised andlinked with Australian economy showing a GDP growth rate of 3.5%. The greater contribution tothe GDP (almost 63%) comes from service sector followed by large scale manufacturing sector(16.5%) and primary sector (6.5%) which dominates the agricultural export of the country(Afonso and Sousa 2012). The country resides at the top of the world in terms of providing basicneeds and opportunity of human creating foundation for general wellbeing.Recently the Great Financial Crisis of 2008 impacted and intensified the economy ofNew Zealand which is evident in its increased cost of credits and lower availability of them,falling price of houses and housing crisis most vivaciously (Clemens and Miran 2012). Thegovernment dealt with this recessionary impact on the economic activity by adopting policiesand strategies to bring out the stability overall.The report aims to discuss such policies of fiscal and monetary importance as have beenadopted by the national government. It intends to analyze the efficacy and impact of the policieson the overall economic indicators determining overview of economic performance and stability.

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