IMF Review Support NZ Economic Plan

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.