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NBR Focus: GMO
In a classic good news/bad news story, the New Zealand's external imbalances have both improved and deteriorated at the same time.
Current account data released this morning shows a deficit of 4.1% of GDP in the year to September. The figure for the year to the previous quarter was
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Rob Hosking
Wed, 18 Dec 2013
Wed, 18 Dec 2013
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Analysis: Current account worsens - but underlying picture still positive
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