New Zealand current account deficit widens in Q2

Note: This section contains information in English only.
Source: RTTNews
New Zealand' current account posted a shortfall of NZ$1.797 billion in Q2 of the year, Statistics New Zealand reported on Wednesday. Economists had forecast a deficit of NZ$1.620 billion, while the upwardly revised deficit for the first quarter was at NZ$1.072. Significant expansion of the shortfall was due to increase in earnings of foreign-owned banks in New Zealand.
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