NZ current account deficit widens in March quarter

Wed, 16 Jun 2021

New Zealand’s seasonally adjusted current account deficit widened to $5 billion in the March 2021 quarter, Stats NZ said.Prior to the March 2021 quarter, the largest deficit reported was $4.3b in the June 2008 quarter during the global financial crisis.For the first time since the March 2020 quarter, the value of imported goods was larger than the value of exported goods. This resulted in a goods deficit of $1.5b.In the March 2021 quarter, seasonally adjusted goods imports rose by $1.3b, reaching $16b. A wide range of goods contributed to...

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