NZ's external imbalances look contained - economists

Wed, 18 Dec 2019

Economists said New Zealand’s external imbalances look to be contained despite the nation's slowing economic growth. The annual current account deficit was $10.3 billion in the September quarter, or 3.3 percent of gross domestic product. The deficit was $10.6 billion a year earlier, or 3.6 percent of GDP, Stats NZ figures show. Economists polled by Bloomberg had expected it to be 3.4 percent of GDP.ANZ Bank economist Michael Callaghan noted the current account deficit as a share of GDP was slightly below the historical average.“Considering...

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