Australia’s current account deficit deteriorates

David Llewellyn-Smith

Tuesday 6 March 2018

Balance of payments for the December quarter is out and the improvement in Australia’s external position is over:

As the consumer is forced to spend, the current account deficit is widening again, to 3.4% for the quarter:

And 2.5% for the year:

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About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.