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1.Market Observations, 8.Was Sticky

1 Mar 2017 (TheAge) – Australian GDP preview: Current account narrows to smallest deficit since 1980

(1 March 2017, The Age, BusinessDay, p29, Eryk Bagshaw)

‘Australia has hit its smallest current account deficit in 37 years after LNG production added more to real gross domestic product than iron ore and coal combined. The current account, which measures the difference between the amount Australia earns from overseas and the amount that goes offshore, narrowed sharply to $3.85 billion from $10.2 billion in the December quarter, the lowest deficit since 1980. ‘

Read more at TheAge.com.au

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