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BOP Result Points To Underlying Strength

Finance Minister Michael Cullen said the September balance of payments figure was in line with market expectations and provided further confirmation of the underlying resilience of the New Zealand economy.

“The deficit has been reducing each quarter since the beginning of 2000 and is now half what it was when the government took office.

“New Zealand is well positioned to weather the global downturn and to capture early the benefits of a recovery in world demand,” Dr Cullen said.

Ends


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