Praise for New Zealand's economic direction has come in a newly-released International Monetary Fund report.
The report said New Zealand's ability to survive the Asian crisis and other recent economic disturbances is testimony to the economic reforms over the last 15 years.
It also said New Zealand is well-placed to absorb the economic pressures due to the current volatility of oil prices.
However the IMF is warning recent increases in top tax rates could lower private saving and is urging an upcoming Government tax review to look at ways of removing disincentives to saving.
- IRN
IMF New Zealand report
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