Current Account

BNZ economists say a solid bounce in economic activity is expected in the second half of next year, but in the meantime there is more pain to be felt as the economy bounces along the bottom - torn between rising immigration and higher interest rates

BNZ economists say a solid bounce in economic activity is expected in the second half of next year, but in the meantime there is more pain to be felt as the economy bounces along the bottom - torn between rising immigration and higher interest rates

Economists at the country's biggest banks are neatly divided as to whether the economy has or has not gone into recession, but there's great consensus that things are slowing and that our current account deficit's very big

Economists at the country's biggest banks are neatly divided as to whether the economy has or has not gone into recession, but there's great consensus that things are slowing and that our current account deficit's very big

Based on NZ's transactions with the rest of the world, our dollar is 22% overvalued, the Institute of International Finance says

Based on NZ's transactions with the rest of the world, our dollar is 22% overvalued, the Institute of International Finance says

The focus on COVID-19 and the associated inflation forces have crowded out consideration of strategic issues that are fundamental to the New Zealand economy

The focus on COVID-19 and the associated inflation forces have crowded out consideration of strategic issues that are fundamental to the New Zealand economy

Stephen Roach says as China shifts to a consumption-based economy, it will become less willing to finance American deficits. A lack of savings will expose the US painfully just as its budget deficits explode

Stephen Roach says as China shifts to a consumption-based economy, it will become less willing to finance American deficits. A lack of savings will expose the US painfully just as its budget deficits explode

There is an urgent need for the US President to gain a far better understanding of how global trade actually works. Otherwise they will cause severe damage to the US and the global economy says Asad Jamal

There is an urgent need for the US President to gain a far better understanding of how global trade actually works. Otherwise they will cause severe damage to the US and the global economy says Asad Jamal

Stephen Roach says look at the real nature of the US savings-short economy to understand why 'momentum' won't carry it far, and why a tariff wall won't help

Stephen Roach says look at the real nature of the US savings-short economy to understand why 'momentum' won't carry it far, and why a tariff wall won't help

Current account deficit widening faster than Treasury expected, as record imports boost quarterly gap between what foreigners earn from NZ vs what we earn from abroad to record since GFC

Current account deficit widening faster than Treasury expected, as record imports boost quarterly gap between what foreigners earn from NZ vs what we earn from abroad to record since GFC

Low interest rates are one factor helping us run smaller current account deficits, bolstered by an improvement in our national savings rate. But rising investment will require the savings rate to improve further

Low interest rates are one factor helping us run smaller current account deficits, bolstered by an improvement in our national savings rate. But rising investment will require the savings rate to improve further

Annual current account deficit shrinks to -2.5% of GDP, down from -2.7% in March and as expected. But exports fall in June quarter

Annual current account deficit shrinks to -2.5% of GDP, down from -2.7% in March and as expected. But exports fall in June quarter

Today's fall in dairy prices may see export values fall $5 bln, drive up the current account deficit to 6.5% of GDP and still have downside risk, says Peter Redward

Today's fall in dairy prices may see export values fall $5 bln, drive up the current account deficit to 6.5% of GDP and still have downside risk, says Peter Redward

Matt Nolan says that current account deficits are not bad in themselves, but the stock of debt needs to grow more slowly than the stock of assets

Matt Nolan says that current account deficits are not bad in themselves, but the stock of debt needs to grow more slowly than the stock of assets

NZ current account deficit widens to 4.8% of GDP in yr to March 2012 on record Aussie bank profits; From 3.7% of GDP in yr to March 2011 and vs economist expectations of 4.6%

NZ current account deficit widens to 4.8% of GDP in yr to March 2012 on record Aussie bank profits; From 3.7% of GDP in yr to March 2011 and vs economist expectations of 4.6%