“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….
You hardly ever get some truth about the New Zealand economy. Here’s some. The IMF says NZ has the worst Current Account Deficit out of all 40 “Advanced Nations” in the world Sometimes one does think the Kiwi media are really trying hard to play games with the news. The International Monetary Fund just produced its ‘World Economic Outloook”. Stuff News said it “has painted a grim picture of the outlook for the global economy over the next few years”….