Ratings agency warns wide current account deficit is NZ's 'key credit risk'
Size of current account deficit exceeded S&P's expectations.
Source: nzherald.co.nz
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Record wide current account deficit likely to continue in Stats NZ data for year to March
Economists believe we're still spending beyond our means.
Source: nzherald.co.nz
S&P's Martin Foo on concerns about NZ's current account deficit & more
S&P's Martin Foo discusses NZ's current account deficit, high sovereign credit ratings, comparisons with the 2011 downgrade & more
New Zealand Sp Martin Foo Gareth Vaughan International Monetary Fund Martin Foo Gross Domestic Product
Source: interest.co.nz
Budget 2023: S&P fires warning shot, 'headroom' for credit rating could erode
Budget may erode ‘headroom’ for NZ credit rating, says S&P.
Source: nzherald.co.nz
NZ sees bigger deficit as economy sputters, spending boost to fan inflation
By Lucy Craymer WELLINGTON (Reuters) - New Zealand on Thursday announced a worse-than-forecast budget deficit as a slowing economy and a lower tax take ...
Source: saltwire.com
S&P says any further new spending may stoke inflation as it watches NZ's current account deficit
Credit rating agency's budget comments highlight ongoing concerns about NZ's current account deficit; Govt bond issuance revised up $20b over 4 years
Source: interest.co.nz
WA budget 2023:Another surplus for WA as McGowan fires GST warning shot at Canberra
West Australian Premier Mark McGowan has handed down a budget surplus of $3.3 billion, and the state is on track for 10 consecutive years in the black, buoyed by overflowing mining royalties.
Source: afr.com
NZ's trade deficit forecast to be the worst among advanced economies
We're importing much more than we're exporting. What's the big deal?
Source: nzherald.co.nz
Australia: Labor win in NSW election will not end wage cuts or dire conditions for public sector workers
Labor’s victory will mean continuing massive cuts to real wages, with tiny nominal increases that the government and the union bureaucracy hope will subdue mounting anger in the working class.
Source: wsws.org
NSW election 2023: NSW Labor win emboldens unions in wage push across the country
Unions heralded a “new dawn” for wage negotiations after Labor’s resounding victory in NSW, prompting a key credit rating agency to warn of knock-on effects for other states.
Source: afr.com