New Zealand to show budget surplus in 2015

Source: Bloomberg
The Minister of Finance of New Zealand announced that his country will be able to show an operating budget surplus in the financial year 2014-2015, as it will reach as much as NZ$86 million. Moreover, the positive balance of budget will surge to NZ$1.67 billion in the year 2015-2016. The previous outlook estimated the budget surplus to be NZ$75 and NZ$797 million in these years, respectively.
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Wed, 18 Dec 2013 06:19:05 GMT

New Zealand business confidence rises to highest since 1999

The confidence level among New Zealand's businesses jumped to its largest value in more than 14 years, showing the positive attitude towards economic development of the country. The corresponding index from the ANZ Bank climbed to 64.1 points against 60.5 in November. Moreover, the rise of index was noticed in activity outlook, profits and inflation expectations, and manufacturing.

Tue, 17 Dec 2013 15:50:04 GMT

U.S. current account deficit narrows in Q3

The current account deficit of the U.S. dropped in the third quarter of this year to its lowest value since 2009, as the rise in trade deficit was overshadowed by the significant jump in investment earnings. The current account finished the Q3 with a $94.8 billion deficit, declining from $96.6 billion in the previous quarter. The deficit of goods' trade

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