Sharon Zollner: ANZ Chief Economist on the trade deficit numbers for October

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.  LISTEN ABOVE See omnystudio.com/listener for privacy information.