Sharon Zollner: ANZ Chief Economist on the trade deficit numbers for October
The Mike Hosking Breakfast · Newstalk ZB
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Show Notes
There are signs our annual trade deficit is closing, but not closing enough.
Stats NZ data for October shows it reduced to around $14.8 billion from more than $15 billion in September.
Exports have also fallen by more than 500 million dollars on last year, while imports were down by $1.2 billion.
ANZ Chief Economist Sharon Zollner told Mike Hosking that the gap is narrower, but still significant.
She says we've had an overheated economy with a lot of imports, and we're also working through what's been stocked up from shipping disruptions.
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