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22 Sep 2020 16:42
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  •   Home > News > Business

    The country's posted a surplus for the first time in 11 years, meaning we earned more from the rest of the world ... than we spent

    The country's posted a surplus for the first time in 11 years, meaning we earned more from the rest of the world ... than we spent


    Stats NZ says we made a seasonally adjusted surplus of half a billion dollars in the June 2020 quarter, the biggest since 1971.

    International statistics senior manager, Peter Dolan, says there was a slump in demand for oil imports and international tourist spending.

    But it was countered by dairy exports, which pushed the current account into the black.

    © 2020 Newstalk ZB, NZCity


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