New Zealand Q1 current account deficit narrows sharply on quarterly basis

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NZ Q1 current account balance (actual)-NZ$1.008Bexp -NZ$0.967B, prev -NZ$5.984BNZ Q1 seasonally adjusted current account-NZ$4.552Bprev -NZ$4.452BNZ year to March current account-NZ$16.3B / -3.6% of GDP.The sharp narrowing in NZ deficit will offer the RBNZ some modest comfort on external balance pressures.I'll have more to come on this separately This article was written by Eamonn Sheridan at investinglive.com.