New Zealand’s current account deficit remains stubbornly high, according to the latest data.

A new report shows the country spent $30.6 billion more on imports than it earned from exports in the year to September, the equivalent to 7.6 percent of GDP.

NZ Herald Wellington business editor Jenee Tibshraeny explains what this data means for Kiwi spending habits.

LISTEN ABOVE

New Zealand’s current account deficit remains stubbornly high, according to the latest data.
A new report shows the country spent $30.6 billion more on imports than it earned from exports in the year to September, the equivalent to 7.6 percent of GDP.
NZ Herald Wellington business editor Jenee Tibshraeny explains what this data means for Kiwi spending habits.
LISTEN ABOVE

With a straight down the middle approach, Heather du Plessis-Allan Drive on Newstalk ZB delivers the very latest news and views to New Zealanders as they wrap up their day.