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NZ Trade Gap Likely to Tighten in November
Declining Chinese demand for New Zealand's dairy products will probably continue to influence trade results, keeping the trade balance in negative territory for another month, but it is very likely to recover from the lows seen in September and October that negatively influenced the country's coffers and caused concerns in the country's administration. "With the value of goods exports falling and imports rising, the current account deficit is now the largest it has been in nearly six years," international statistics manager Jason Attewell said when commenting on New Zealand's third quarter current account. New ... (full story)