current account deficit Archive

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  Wheeler on the death of manufacturing etc. etc. - by Russel Norman

  
  
  
  It’s interesting to compare yesterday’s speech by Reserve Bank Governor Graeme Wheeler with Sir Paul Callaghan’s vision for a prosperous New Zealand. Wheeler describes New Zealand’s manufacturing sector as a sunset industry, in terminal decline due to globalisation, competition from low wage countries, and a shift to a service intensive economy. It’s the kind of [...] read more
  February 21, 2013 5:27 pm - 26 Comments
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  Current Account Deficit can’t carry on forever - by Russel Norman

  
  
  
  The Current Account figures came out this morning. They show a marginal decline in the position according to Dept Statistics: For the year ended September 2008, the current account deficit was 8.6 percent of GDP. This compares with a deficit of 8.4 percent of GDP for the year ended June 2008. This is a bad [...] read more
  December 22, 2008 5:00 pm - 164 Comments
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  Trade and debt - by frog

  
  
  
  If it’s true as the evidence seems to indicate that New Zealand’s free trade for growth agenda is leading to larger and larger current account deficits, what does that mean for our economy? I thought it was worth reposting this comment of Andrew’s from yesterday for debate: Trade deficits have the opposite problem in that [...] read more
  March 21, 2008 8:02 am - 13 Comments