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  1. OECD Economic Surveys: New Zealand
  2. Volume 2015
  3. Issue 015
  4. OECD Economic Surveys: New Zealand 2015
  5. Chapters
  6. Sustaining the economic expansion
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Volume 2015
Issue 015
OECD Economic Surveys: New Zealand 2015
Chapters
Basic statistics of New Zealand, 2014. (Numbers in parentheses refer to the OECD average).
Abbreviations and acronyms
Executive summary
Assessment and recommendations
Progress in structural reform
Sustaining the economic expansion
Making New Zealand's economic growth more inclusive
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Sustaining the economic expansion

Content Provider OECD iLibrary
Organization OECD
Abstract The NZ economy has performed well over the past few years, having achieved relatively strong GDP and employment growth. However, some constraints to sustaining this momentum beyond the short term are emerging in the fields of skills, housing and urban infrastructure. Skills shortages have risen most in construction trades and management occupations. Housing shortages are most severe in Auckland, reflecting supply constraints in the face of population increases. As a result, prices are rising, reducing affordability. Urban infrastructure, particularly for road transportation, is also strained. In this respect, policy has a role to play in expanding economic capacity by reducing supply-side constraints and fostering productivity growth. At times New Zealand’s fiscal policy has been expansionary during upturns. Ensuring that permanent spending or tax cuts are implemented in a sustainable manner would encourage the strong fiscal position that New Zealand needs to meet potentially large macroeconomic shocks and long-run ageing-related costs.
Page Count 38
Starting Page 71
Ending Page 108
Language English
Publisher OECD Publishing
Publisher Date 2015-06-09
Access Restriction Open
Subject Keyword Economics
Content Type Text
Resource Type Chapter
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