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Is Australia set to return to current account deficit due to weaker exports?
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Is Australia set to return to current account deficit due to weaker exports?

Australia’s current account balance is forecast by the Treasury to go into deficit in the 2022–23 financial year. The current account records the value of the flow of goods, services and income between Australian residents and the rest of the world. The Treasury’s budget modelling indicates that the projected current account deficit will be driven by weaker global demand for Australian exports and a fall in commodity prices. Read more...

Posted 27/05/2022 by Ian Zhou
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