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Moody’s view on New Zealand PM resignation
Please find below Moody’s view on New Zealand PM resignation.
• There are no implications from the Prime Minister's resignation for New Zealand's sovereign credit profile.
• We expect New Zealand's very strong institutions to lead to a smooth transition and policy continuity.
• New Zealand’s government has effectively pursued a policy of fiscal consolidation. We do not expect any material change in policy. Government debt will remain low.
• We do not expect any impact on economic activity. GDP growth has been strong and broad based, supporting the government’s objective to maintain sound public finances.
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