Wider annual current account deficit meets expectations

Tue, 18 Jun 2019

By Rebecca Howard June 19 (BusinessDesk) - New Zealand’s annual current account deficit widened in the March quarter, as the goods and services balance swung to a deficit as expected. The annual deficit was $10.6 billion, or 3.6 percent of gross domestic product in the three months ended March 31, versus an annual deficit of $8.5 billion, or 3 percent of GDP, in the same period a year earlier, Stats NZ said. Economists had forecast an annual deficit of 3.5 percent of GDP in a Bloomberg poll. The dollar recently traded at 65.29 US cents...

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