That current account deficit…
So the numbers out of StatisticsNZ today make slightly scary reading. The current account deficit in the March 09 year is 8.5% of GDP, or around $15bn. The net balance between NZ’s assets and liabilities is up to 98.2% of GDP – $186.2bn. Is it a problem? Well, some people say yes and some people say no. In part it depends what kind of economy you want. I regard that large external debt as a problem because I want to see more of the income New Zealanders generate retained and spent in New Zeal
Quantitative easing- cure or kill?
Inside investment: Quantitative easing – Kill or cure? Monday, June 08, 2009 Andrew CaponEuromoney Quantitative easing is being hailed as a policy panacea. The problem is that it sounds a lot like a prescription that causes the very problems it is designed to treat.When the world was a happier place, before economists annexed the lexicon of forensic pathologists, there was much talk about global imbalances. In the final quarter of 2005 the US current account deficit peaked at 6.4% of GDP. Some t
Belgian envoy warns Vietnam about current account deficit
VNBusinessNews – With exports, foreign direct investment and remittances all falling this year, the government should make efforts to control the current account deficit to improve investor confidence, the Belgian ambassador has said.Speaking at a conference titled “Doing Business in Viet Nam – What’s Next?” in Hanoi Wednesday, Hubert Cooreman said: “Now is the time for Viet Nam to concentrate on building on its strengths to ensure it can take advantage of its relative stability and emerge in a
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