Current account deficit figure tolls a warning
The current account figures out this morning should cause a few knotted eyebrows.The deficit for the 2009 calendar year shrank to 2.9% of GDP. It has been slowly shrinking since 2006 when it almost hit 9% of GDP.So the trend is in the right direction &nda
Rob Hosking
Wed, 24 Mar 2010
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.
The current account figures out this morning should cause a few knotted eyebrows.
The deficit for the 2009 calendar year shrank to 2.9% of GDP. It has been slowly shrinking since 2006 when it almost hit 9% of GDP.
So the trend is in the right direction – it just isn’t going far or fast enough. The
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Rob Hosking
Wed, 24 Mar 2010
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.
