New Zealand updates its budget deficit 11 months into its financial year.
- deficit is NZD 7.75bn for the 11 months, which is 1bn lower than was forecast.
One of the bear arguments for NZ is its fiscal woes. At the margin, then, this is a bit of encouraging news.
This article was written by Eamonn Sheridan at www.forexlive.com.
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