* . *
  • About
  • Advertise
  • Privacy & Policy
  • Contact
Sunday, June 15, 2025
Earth-News
  • Home
  • Business
  • Entertainment
    The Iconic Missouri Diner That Gives You A Taste Of Live Entertainment With Your Meal – Yahoo

    Savor Delicious Meals While Enjoying Live Entertainment at Missouri’s Iconic Diner

    Keke Palmer Revealed How She Came Up With Her Son Leodis’ Name – Yahoo

    Keke Palmer Shares the Heartwarming Story Behind Her Son Leodis’ Name

    The Media and Entertainment Deal Machine Is Revving Up – WSJ

    The Media and Entertainment Deal Machine Is Gearing Up for Action

    Op-Ed: Data Storage and Protection in Today’s Media & Entertainment Industry – Sports Video Group

    How Data Storage and Protection Are Transforming the Media & Entertainment Industry

    The Analyst Verdict: PENN Entertainment In The Eyes Of 7 Experts – Nasdaq

    7 Experts Reveal the Ultimate Verdict on PENN Entertainment

    3 Arts Entertainment Expands Into News With Acquisition of OManagement (Exclusive) – The Hollywood Reporter

    3 Arts Entertainment Expands Into News With Acquisition of OManagement (Exclusive) – The Hollywood Reporter

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    Further Upside For Aeries Technology, Inc (NASDAQ:AERT) Shares Could Introduce Price Risks After 27% Bounce – simplywall.st

    Further Upside For Aeries Technology, Inc (NASDAQ:AERT) Shares Could Introduce Price Risks After 27% Bounce – simplywall.st

    Editor’s Pick: 9 Books on Technology – The Gospel Coalition

    9 Must-Read Books That Will Completely Transform How You Understand Technology

    New Semiconductor Technology Could Supercharge 6G Delivery – SciTechDaily

    Revolutionary Semiconductor Technology Set to Turbocharge 6G Connectivity

    UTC To Host Quantum Technology Workshop June 23-25 – Chattanoogan.com: Breaking News

    Join the Quantum Technology Workshop This June 23-25!

    Rimac Technology Powers the Bugatti Tourbillon with Cutting-Edge Battery and Powertrain Tech – Rimac Newsroom

    Rimac Technology Drives the Bugatti Tourbillon with Revolutionary Battery and Powertrain Innovation

    “Co-creation” boosts commercial technology for dual-use defense applications – Breaking Defense

    “Co-creation” boosts commercial technology for dual-use defense applications – Breaking Defense

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
  • Home
  • Business
  • Entertainment
    The Iconic Missouri Diner That Gives You A Taste Of Live Entertainment With Your Meal – Yahoo

    Savor Delicious Meals While Enjoying Live Entertainment at Missouri’s Iconic Diner

    Keke Palmer Revealed How She Came Up With Her Son Leodis’ Name – Yahoo

    Keke Palmer Shares the Heartwarming Story Behind Her Son Leodis’ Name

    The Media and Entertainment Deal Machine Is Revving Up – WSJ

    The Media and Entertainment Deal Machine Is Gearing Up for Action

    Op-Ed: Data Storage and Protection in Today’s Media & Entertainment Industry – Sports Video Group

    How Data Storage and Protection Are Transforming the Media & Entertainment Industry

    The Analyst Verdict: PENN Entertainment In The Eyes Of 7 Experts – Nasdaq

    7 Experts Reveal the Ultimate Verdict on PENN Entertainment

    3 Arts Entertainment Expands Into News With Acquisition of OManagement (Exclusive) – The Hollywood Reporter

    3 Arts Entertainment Expands Into News With Acquisition of OManagement (Exclusive) – The Hollywood Reporter

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    Further Upside For Aeries Technology, Inc (NASDAQ:AERT) Shares Could Introduce Price Risks After 27% Bounce – simplywall.st

    Further Upside For Aeries Technology, Inc (NASDAQ:AERT) Shares Could Introduce Price Risks After 27% Bounce – simplywall.st

    Editor’s Pick: 9 Books on Technology – The Gospel Coalition

    9 Must-Read Books That Will Completely Transform How You Understand Technology

    New Semiconductor Technology Could Supercharge 6G Delivery – SciTechDaily

    Revolutionary Semiconductor Technology Set to Turbocharge 6G Connectivity

    UTC To Host Quantum Technology Workshop June 23-25 – Chattanoogan.com: Breaking News

    Join the Quantum Technology Workshop This June 23-25!

    Rimac Technology Powers the Bugatti Tourbillon with Cutting-Edge Battery and Powertrain Tech – Rimac Newsroom

    Rimac Technology Drives the Bugatti Tourbillon with Revolutionary Battery and Powertrain Innovation

    “Co-creation” boosts commercial technology for dual-use defense applications – Breaking Defense

    “Co-creation” boosts commercial technology for dual-use defense applications – Breaking Defense

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
Earth-News
No Result
View All Result
Home Business

Current account deficit widens to $30.6b, ‘far too out of balance’

December 13, 2023
in Business
Current account deficit widens to $30.6b, ‘far too out of balance’
Share on FacebookShare on Twitter

Navigation for News Categories

Generic money.

The deficit equated to 7.6 percent of the value of the economy, unchanged from June, but improved on 8.3 percent last year.
Photo: RNZ / Rebekah Parsons-King

New Zealand continues to chase a champagne lifestyle on a beer budget, as the yawning current account deficit shows.

Stats NZ data showed the deficit for the year ended September was $30.6 billion, up about $400m on the previous quarter, but down about $500m on a year ago.

The deficit equated to 7.6 percent of the value of the economy, unchanged from June, but improved on 8.3 percent last year.

The data showed the goods deficit – physical imports and exports – widening as export earnings fell further than import costs, but there was an improvement in the service side of the economy, as revived tourism lifted returns.

ANZ senior economist Miles Workman said the narrowing of the deficit looked to have stalled, and the country’s external position was “far too out of balance”.

“Fiscal consolidation and tight monetary conditions should help fix that in time, but until it does New Zealand remains vulnerable to a wide range of possible shocks – for example drought, global wobbles – that could slow progress further and potentially weigh on our sovereign credit rating.”

Credit rating agencies have long warned about the size of the current account deficit and the high level of foreign debt, and warned that without an improvement the country’s top level ratings would be under pressure.

Overseas investors also earned more from their New Zealand investments, driven by higher local interest rates.

The gap between New Zealand’s overseas financial assets and liabilities was marginally improved at $191.9b, or 47.9 percent of the value of the economy.

The data was worse than expected by analysts, and reaffirmed New Zealand’s dependence on overseas borrowing to pay its bills.

“All up, New Zealand has a potentially lengthy path towards macroeconomic sustainability to walk. And the Q3 data suggest progress is slow,” Workman said.

He said the economy would have to weaken further, with interest rates staying higher for longer and a cut in government spending.

Get the RNZ app

for ad-free news and current affairs

Download from Apple App Store
Download from Google Play Store

>>> Read full article>>>
Copyright for syndicated content belongs to the linked Source : RNZ – https://www.rnz.co.nz/news/business/504654/current-account-deficit-widens-to-30-point-6b-far-too-out-of-balance-economist

Tags: accountbusinesscurrent
Previous Post

Council secures signatures for $370m sewage sludge treatment plant at Moa Point

Next Post

Grocery Commissioner urges supermarkets to enforce Everyday Low Pricing through holidays

Further Upside For Aeries Technology, Inc (NASDAQ:AERT) Shares Could Introduce Price Risks After 27% Bounce – simplywall.st

Further Upside For Aeries Technology, Inc (NASDAQ:AERT) Shares Could Introduce Price Risks After 27% Bounce – simplywall.st

June 15, 2025

UF taps global invasion ecology expert to lead new era of the ISI – South Central Florida Life

June 15, 2025
Saluting excellence in science, math – West Newsmagazine

Saluting excellence in science, math – West Newsmagazine

June 15, 2025
Scientists found the brain glitch that makes you think you’re still hungry – ScienceDaily

Scientists found the brain glitch that makes you think you’re still hungry – ScienceDaily

June 15, 2025
Healthy Lifestyle Lowers Cancer Mortality Risk – Cancer Health

Healthy Lifestyle Lowers Cancer Mortality Risk – Cancer Health

June 15, 2025
World Bank warns the global economy is barreling toward its weakest decade in 50 years – Fortune

Global Economy Braces for Its Weakest Decade in Half a Century, Warns Experts

June 15, 2025
The Iconic Missouri Diner That Gives You A Taste Of Live Entertainment With Your Meal – Yahoo

Savor Delicious Meals While Enjoying Live Entertainment at Missouri’s Iconic Diner

June 15, 2025

Urgent Update: Fourth Emergency Committee Convenes to Address 2024 Mpox Surge with New Temporary Recommendations

June 15, 2025
Democrat Mikie Sherrill and Republican Jack Ciattarelli win New Jersey governor primaries – CNN

Democrat Mikie Sherrill and Republican Jack Ciattarelli win New Jersey governor primaries – CNN

June 15, 2025
Editor’s Pick: 9 Books on Technology – The Gospel Coalition

9 Must-Read Books That Will Completely Transform How You Understand Technology

June 15, 2025

Categories

Archives

June 2025
MTWTFSS
 1
2345678
9101112131415
16171819202122
23242526272829
30 
« May    
Earth-News.info

The Earth News is an independent English-language daily published Website from all around the World News

Browse by Category

  • Business (20,132)
  • Ecology (687)
  • Economy (701)
  • Entertainment (21,604)
  • General (15,394)
  • Health (9,742)
  • Lifestyle (706)
  • News (22,149)
  • People (703)
  • Politics (708)
  • Science (15,919)
  • Sports (21,201)
  • Technology (15,689)
  • World (683)

Recent News

Further Upside For Aeries Technology, Inc (NASDAQ:AERT) Shares Could Introduce Price Risks After 27% Bounce – simplywall.st

Further Upside For Aeries Technology, Inc (NASDAQ:AERT) Shares Could Introduce Price Risks After 27% Bounce – simplywall.st

June 15, 2025

UF taps global invasion ecology expert to lead new era of the ISI – South Central Florida Life

June 15, 2025
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

Go to mobile version