INDEPENDENT NEWS

PM Says Current Account Revision Is Good News

Published: Mon 18 Sep 2000 05:23 PM
PM's Post-Cabinet Press Conference
Prime Minister Helen Clark said she was pleased to hear about the favourable revision of New Zealand’s current account deficit, released by Statistics New Zealand today.
The adjusted current account figure is expected to have a positive effect on the New Zealand dollar.
Miss Clark said there were a lot of positive indicators in New Zealand business, and said she felt confident the economy would pick up from the third quarter on.
She said her trip overseas brought home to her that New Zealand is not the only country feeling the effect of currency devaluation and high crude oil prices.
Miss Clark said she will be meeting Australian Prime Minister John Howard in Australia next week and although a common currency for Australia and New Zealand is not on the agenda, she would be very surprised if it did not come up.
Miss Clark said her own view is that New Zealand will inevitably adopt a common currency, whether with the Australian dollar or another currency.
She said social security and defence developments are on the agenda for her talks with Mr Howard.
Miss Clark said she will catch the Premiere of Gareth Farr’s new composition at the Sydney Opera House while she’s in Australia, and will be at the Olympic closing ceremony.
On the home front, Miss Clark said she was sure there is a solution that will allow the Singapore Trade Agreement to go ahead, and is palatable for both Labour and National.
Ends

Next in Comment

Gordon Campbell on the Saudi oil refinery crisis
By: Gordon Campbell
Gordon Campbell on China and Hong Kong, and Boris
By: Gordon Campbell
Trump authorises use of emergency crude stockpile
By: BusinessDesk
MARKET CLOSE: NZ shares fall; high oil prices weigh
By: BusinessDesk
NZ dollar edges higher as concerns over Saudi attack ease
By: BusinessDesk
Saudi attacks: Global oil prices spike, petrol uncertainty
By: RNZ
Q+A: Megan Woods interviewed by Jack Tame
By: TVNZ
$US6.50 per Barrel increase for petrol
By: Gull Petroleum
Oiling for War: The Houthi Attack on Abqaiq
By: Binoy Kampmark
Last Chance: Back From The Brink HiveMind
By: HiveMind
Gordon Campbell on the Hong Kong protest movement
By: Gordon Campbell
Internet shutdowns will further hurt Hong Kong
By: Access Now
View as: DESKTOP | MOBILEWe're in BETA! Send Feedback © Scoop Media