NZ to have the worst current account deficit out of every single advanced country in the world this year, 2023.
“Had I been a journalist at Newshub, Stuff, or Herald, I would’ve written about how the IMF says an extraordinary thing about NZ. It states we are projected to have the worst current account deficit out of every single advanced country in the world this year, 2023. That’s 40 countries! …NZ’s current account balance is reported as -8.6 % of GDP, worse than Greece’s at -8.0 %, in 2023. That means we’re not paying our way. Imports hugely outweigh exports….
