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