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Current Account Deficit Contains No Surprises
Balance of Payment statistics released moments ago by the Department of Statistics contain no surprises say economists.
The deficit for the year to June was 7.54 Billion, 7.1% of GDP and roughly the same as revised BOP figures issued last week.
The quarterly figure was $1.392 billion which compares with $1.181 billion for the previous year.
On a seasonally adjusted basis the deficit has improved for the past two quarters.
Alastair Thompson
Scoop Publisher
Alastair Thompson is the co-founder of Scoop. He is of Scottish and Irish extraction and from Wellington, New Zealand. Alastair has 24 years experience in the media, at the Dominion, National Business Review, North & South magazine, Straight Furrow newspaper and online since 1997. He is the winner of several journalism awards for business and investigative work.
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