Global Stock Market Plunge Knocks NZ's International Net Worth

  • Jun 17, 2020 NZST
  • Team Kalkine
Global Stock Market Plunge Knocks NZ's International Net Worth

As per the Stats NZ report, New Zealand's seasonally adjusted current account deficit has decreased NZD 372 million to NZD 1.6 billion in the March 2020 quarter.

The smaller deficit resulted due to the trade in goods with the goods shortage reducing NZD 613 million to NZD 213 million. New Zealand's services surplus decreased by NZD 83 million to NZD 983 million during the quarter.

An NZD 342 million plunge in spending by international visitors and students was the main reason for the overall drop in services exports, which was down by NZD 460 million.

 


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