The OECD says a delay in opening up borders and a crash in house prices are the main risks facing the New Zealand economy.
Its latest survey of the country said the economy is starting to overheat.
It says pandemic measures which supported the economy, and the supply of cheap money through the Reserve Bank need to be reined in to counter strong inflation and rampant house prices.
It says the country's coronavirus strategy has paid off so far - but the government needs to bring down its debt levels.
RNZ Business Editor Gyles Beckford spoke to Corin Dann.
