NZ: Q1 current account deficit narrows to 3.6% of GDP – Westpac
Michael Gordon, senior economist at Westpac, notes that New Zealand’s current account deficit narrowed from 3.8% to 3.6% of GDP in the year to March.
“The trade balance has improved compared to a year ago, reflecting stronger dairy exports and a moderation in imports.”
“Earnings on New Zealanders’ overseas investments were stronger than expected.”
“We expect the current account deficit to remain around this level over the rest of this year.”
This article is published only for general use basic informatory purposes and should not be considered or depended on as a financial or investment advice. Investors should make sure that they understand the risks and seek independent financial advice at all times. CFDS ARE COMPLEX INSTRUMENTS AND COME WITH A HIGH RISK OF LOSING MONEY RAPIDLY DUE TO LEVERAGE.