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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Size of current account deficit exceeded S&P's expectations.
Economists believe we're still spending beyond our means.
S&P's Martin Foo discusses NZ's current account deficit, high sovereign credit ratings, comparisons with the 2011 downgrade & more
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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 ...