News: NZ posts 2nd-qtr current account deficit

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    WELLINGTON, Sept 14 (Reuters) - New Zealand posted a current account deficit in the second quarter, official data showed Wednesday.

    The actual quarterly deficit in the three months to June totalled NZ$0.945 billion compared with a surplus of NZ$1.18 billion in the previous quarter.

    The seasonally adjusted quarterly deficit widened to NZ$1.826 billion from a NZ$1.639 billion deficit in the previous quarter.

    The annual deficit to June totalled NZ$7.38 billion, which equated to 2.9 percent of gross domestic product.

 
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