And the hits just keep on coming

The bad news continues to assail the government.

Today it is the worsening Current Account deficit.

Originally Economists had forcast a bad deficit but the figures that have come in are almost double their expectations.

The March quarter seasonally-adjusted deficit for New Zealand's financial dealings with the outside world came to $4.1 billion compared with the $2.2 billion median forecast of 11 economists polled by Reuters.

 

It was the worst quarterly deficit in the 52 year history of the series, surpassing the $3.85 billion record set in September 2005.

 


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