It's a popcorn economy and we're a B-movie

Everywhere you look there's more worrying data popping up. (Image: Getty)

Fri, 30 Sep 2022

Let’s look at NZ’s fundamentals. Well, they’re deteriorating rapidly.One is the current account deficit, which is a whopper. Recent figures got little media attention, but you can add them to the rising list of variables signalling an economy living far beyond its means and an economic base being eroded.The current account deficit came in at 7.7% of gross domestic product (GDP) or $27.8 billion in the year ended June. Gross domestic product measures the total value of goods and services produced in NZ.You can point the finger...

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