INDEPENDENT NEWS

Record Current Account sign of Fundamental Problem

Published: Thu 21 Oct 1999 12:31 AM
Record Current Account sign of Fundamental Problems—Peters
The fact that the Current Account deficit is now the highest it has been since 1986 shows that current economic management is fundamentally flawed, according to New Zealand First Leader, Winston Peters.
“The Current Account deficit of 8.3% of GDP shows that New Zealand is running an economy based on imports rather than exporters. Expect that to change under New Zealand First,” concluded Mr Peters.
Ends

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