Strong tourism, low rates keep lid on NZ current account deficit

Wed, 18 Sep 2019

By Paul McBeth Sept. 18 (BusinessDesk) - New Zealand's persistently strong tourism market and low global interest rates have helped keep a lid on the current account deficit and may continue to do so during the next year and a half. The annual current account deficit was $10.23 billion in the June quarter, narrowing from $10.8 billion in March quarter, Statistics New Zealand figures show. At 3.4 percent of gross domestic product, that was in line with economists' expectations and down from 3.6 percent in March. The balance of payment...

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