ANZ analysts note that New Zealand’s annual current account deficit widened slightly from $10.2bn in Q2 to $10.3bn in Q3, but in ratio terms, it was unchanged at 3.3% of GDP.
Key Quotes
“In seasonally adjusted terms, the current account deficit widened $0.3bn from Q2, led by a widening goods deficit, as exports fell and imports lifted.”
“New Zealand’s net international liability position widened $6bn from Q2 to $172.8bn, and widened 1.4%pts as a share of GDP to 56.3%.”
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