INDEPENDENT NEWS

Current Account Deficit Contains No Surprises

Published: Fri 22 Sep 2000 10:51 AM
Balance of Payment statistics released moments ago by the Department of Statistics contain no surprises say economists.
The deficit for the year to June was 7.54 Billion, 7.1% of GDP and roughly the same as revised BOP figures issued last week.
The quarterly figure was $1.392 billion which compares with $1.181 billion for the previous year.
On a seasonally adjusted basis the deficit has improved for the past two quarters.
Alastair Thompson
Scoop Publisher
Alastair Thompson is the co-founder of Scoop. He is of Scottish and Irish extraction and from Wellington, New Zealand. Alastair has 24 years experience in the media, at the Dominion, National Business Review, North & South magazine, Straight Furrow newspaper and online since 1997. He is the winner of several journalism awards for business and investigative work.
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