New Zealand just saw the release of two key economic statistics: its current account and Gross Domestic Product. While both data points were mildy positive, due consideration needs to placed on the detail in order to understand the outlook and implications for investing. On GDP, the New Zealand economy grew 0.2% q/q in the December 2010 quarter (-0.2% 3Q10), placing it up 0.8% year on year (1.5% 3Q10). Meanwhile the current account came in as -2.3% of GDP (from -2.2% in 3Q2010).
Should you sell in May and go away?
8 hours ago