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.


The website has been prepared for informational purposes only and is not intended to be used as a complete source of information on any particular company. The above article is NOT a solicitation or recommendation to buy, sell or hold the stock of the company (or companies) under discussion. Kalkine does not in any way endorse or recommend individuals, products or services that may be discussed on this site.


We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it. OK