Current account deficit blows out in December

By David Olsen · 2 March 2010 · News

Australia's Current Account Deficit Surges to Shocking Levels

The latest figures from the Australian Bureau of Statistics have revealed a devastating blow to the country's economy. Find out what this means for Australia's economic growth and GDP figures.

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Summary

Australia's current account deficit came in worse than expected at a seasonally adjusted $17.46 billion in figures from the Australian Bureau of Statistics Most economists had expected a deficit of $17.1 billion for the December quarter. The ABS says this could subtract 1.3 percent from Australia's economic growth figures for the quarter. With GDP figures […]