Michael Gordon, Senior Economist at Westpac, notes that the New Zealand’s current account deficit widened from 2.7% to 2.8% of GDP in the year to March. Key Quotes “While this was the largest deficit in two years, it remains low relative to history. The result was in line with expectations, and has no implications for our other economic forecasts.” “Goods exports fell sharply in the March quarter, though we think this is due to temporary factors. Imports, particularly of business equipment, have remained strong to date.” “Investment income earned in New Zealand by foreigners was down in the March quarter, reversing a steep rise in the previous two quarters.” “New Zealand’s external imbalances continue to improve as the current account deficit remains low relative to history.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Asian stocks rebound, but Shanghai remains in the red as China equities suffer FX Street 3 years Michael Gordon, Senior Economist at Westpac, notes that the New Zealand's current account deficit widened from 2.7% to 2.8% of GDP in the year to March. Key Quotes "While this was the largest deficit in two years, it remains low relative to history. The result was in line with expectations, and has no implications for our other economic forecasts." "Goods exports fell sharply in the March quarter, though we think this is due to temporary factors. Imports, particularly of business equipment, have remained strong to date." "Investment income earned in New Zealand by foreigners was down in the March quarter,… Top Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
