John Morris tagged posts
June 25, 2010 New Zealand Finance
The New Zealand current account deficit has reached its lowest level in twenty years, in the year to March.
On June 23rd Statistics New Zealand released the latest current account deficit figures, revealing a decrease in the country’s current account deficit. For the year ended March 2010 the current account deficit was NZD 4.5 billion, compared to NZD 14.6 billion for the same period a year ago. The latest figure translates to 2.4 percent of the national GDP, the lowest recorded level since September 1989. The adjusted deficit for the quarter to March 2010 was NZD 1.6 billion.
The improvement in the current account was attributed to an increase in the price of export goods...Read More