NZ current account gap widens to record

The annual deficit widened to NZ$14.97 billion in the June quarter, from a revised NZ$14.21 billion in the previous three months, Statistics New Zealand said. A deficit of NZ$14.1 billion was expected, according to a Reuters survey.

Economists estimated the current account cap amounted to 8.3% of gross domestic product, widening from 7.8%. Economic growth figures are scheduled for release on Sept. 25 and are expected to confirm the economy fell into recession in the first half of the year. The economy probably contracted 0.6% last quarter, economists estimate.

By Jonathan Underhill

Comments from our readers

No comments yet

Add your comment:

Your name:
Your email:	Not displayed to the public
Comment:
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Anti-spam verification:

Type the text you see in the image into the field below. You are asked to do this in order to verify that this enquiry is not being performed by an automated process.

Related News:

CHI - Channel Infrastructure delivers solid FY25 financial result
February 27th Morning Report
TRU - Results Guidance FY2026
TRU - Results Guidance FY2026
MEE - Me Today announces six-month results to 31 December 2025
HGH - Heartland announces 1H2026 result
BRW - FY26 Half Year Results Announcement
February 25th Morning Report
Genesis completes NZ$100m Placement
MCY - Invests heavily in renewables; delivers strong performance