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This is my essay
AUSTRALIA'S current account deficit grew to $7.871 billion in the September quarter amid analysts' predictions of a further deterioration to come, with the full impact of the drought likely to make its impact felt on net exports in 2003.
Today's figure compares with a downwardly revised $7.305 billion in the June quarter, the Australian Bureau of Statistics said.
Analysts were expecting a widening in the deficit to $8 billion, or 4.5 per cent of gross domestic product.
The current account measures the value of all transactions between Australia and the rest of the world.
The September quarter deficit blew out as exports slowed, because of the drought and lower demand from the still struggling world economy.
SMALL investors are still struggling to come to terms with exactly how they should be investing their money as market performance signals remain mixed and changeable.
Such gyrations have caused confusion and frustration among investors who are still hanging o...
AUSTRALIA'S current account deficit grew to $7.871 billion in the September quarter amid analysts' predictions of a further deterioration to come, with the full impact of the drought likely to make its impact felt on net exports in 2003.
Today's figure compares with a downwardly revised $7.305 billion in the June quarter, the Australian Bureau of Statistics said.
Analysts were expecting a widening in the deficit to $8 billion, or 4.5 per cent of gross domestic product.
The current account measures the value of all transactions between Australia and the rest of the world.
The September quarter deficit blew out as exports slowed, because of the drought and lower demand from the still struggling world economy.
SMALL investors are still struggling to come to terms with exactly how they should be investing their money as market performance signals remain mixed and changeable.
Such gyrations have caused confusion and frustration among investors who are still hanging o...
Posted by: Tamara Moore
Limited version - please login or register to view the entire paper.