NZ 2Q current account gap narrower than expected, annual deficit at 2.8% of GDP

Tue, 19 Sep 2017

By Rebecca Howard Sept. 20 (BusinessDesk) - New Zealand reported a narrower-than-expected current account deficit in the second quarter as the services balance slid, while the annual deficit continued to widen. The deficit was $618 million in the three months to June 30 versus a revised first-quarter surplus of $221 million, Statistics New Zealand said. The annual deficit was $7.5 billion, or 2.8 percent of gross domestic product for the year ended June versus a deficit of $6.8 billion, or 2.7 percent of GDP, in the prior year. Economi...

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