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Global sharemarket boom in March quarter narrows current account deficit

Net international liabilities fell from 57.4% of GDP to 55.5%.

Nevil Gibson
Wed, 19 Jun 2019

The annual current account deficit narrowed by $586 million from an upwardly revised December-quarter figure to $10.6 billion in March, Stats NZ has said.

This closed the balance of payments gap to 3.6% of GDP from 3.8%. Economists said this was in line with the historical average and reflected

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Nevil Gibson
Wed, 19 Jun 2019
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Global sharemarket boom in March quarter narrows current account deficit
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