The country’s external debt took a further dive into the red today and the worsening figure could put pressure on New Zealand’s credit rating.
The current account deficit jumped to 5% of GDP, or $10.5 billion, over 2012.
That is an increase from 9.9%, or 4.7% of GDP, for the 12 months to
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Rob Hosking
Wed, 20 Mar 2013
Wed, 20 Mar 2013
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Worsening current account puts credit rating at risk
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