NZ current account deficit widens in 4th-qtr, as foreign companies earn more

Tue, 17 Mar 2015

By Jonathan Underhill March 18 (BusinessDesk) - New Zealand’s current account deficit widened in the fourth quarter, pushing the annual gap to 3.3 percent of gross domestic product, as a growing economy helped foreign companies earn more from local investments. The current account deficit widened to $2.6 billion, seasonally adjusted, the largest since the fourth quarter of 2008, and from about $2.4 billion three months earlier, according to Statistics New Zealand. The annual deficit was $7.8 billion, about matching the forecast in a Reute...

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