Prachait Saxena
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New Zealand Current account deficit decreases
New Zealand’s seasonally adjusted current account balance was a deficit of $1,779 million in the March 2015 quarter, $751 million smaller than the deficit in the December 2014 quarter. The fall in the deficit in the latest quarter was mainly due to a fall in income earned by overseas investors from their New Zealand investments, combined with a fall in imports of goods. Goods imports decrease more than goods exports The balance of goods was a deficit of $90 million in the March 2015 quarter, down $313 million from the December 2014 quarter deficit. Imports decreased more than exports for the quarter. The value of ... (full story)