Cur­rent ac­count deficit nar­rows

China Daily (Canada) - - BUSINESS -

New Zealand’s cur­rent ac­count deficit nar­rowed in the quar­ter end­ing De­cem­ber 2016, as in­come earned from for­eign vis­i­tors and over­seas in­vest­ments rose, the gov­ern­ment sta­tis­tics agency said onWed­nes­day. The cur­rent ac­count deficit fell to NZ$1.6 bil­lion ($1.11 bil­lion) in the De­cem­ber quar­ter, its low­est since March 2014 and down by NZ$420 mil­lion from the pre­vi­ous quar­ter, ac­cord­ing to Sta­tis­tics New Zealand. “New Zealand earned NZ$2 bil­lion from in­vest­ment over­seas, NZ$129 mil­lion more than in the Septem­ber quar­ter,” sta­tis­tics se­nior man­ager Daria Kwon said in a state­ment.

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