NZ's annual current account deficit smallest in nearly 19 years

Wed, 17 Mar 2021

New Zealand's current account deficit widened by $1.6 billion to $2.1b in the December quarter but the annual deficit of $2.5b was 0.8% of GDP and the smallest in almost 19 years.Typically, investors only become concerned about a country's current account deficit if it's larger than about 5% of GDP.StatsNZ said the quarterly increase reflected a rise in goods imported and a fall in services exported, including spending by overseas visitors in NZ."Imports of crude oil and motor cars fell sharply early in 2020 following covid-19...

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