IMF warns of pronounced correction in NZ s housing market
12 Mar, 2021 04:28 AM
2 minutes to read
In its regular review of NZ s economy, the IMF noted the surging housing market could trigger a pronounced correction . Photo / RNZ
In its regular review of NZ s economy, the IMF noted the surging housing market could trigger a pronounced correction . Photo / RNZ
RNZ
By Nicholas Pointon of RNZ
The International Monetary Fund has praised New Zealand s economic performance in response to Covid-19, but warns it is vulnerable to a housing downturn.
In its regular review of the country, it said the Government s swift moves to control the spread of Covid-19 and significant support for the economy have allowed a quicker than expected rebound in activity.