Australian current account improves in Q4

Source: The Australian
© Scanpix/FP
Current account deficit in Australia dropped 19% in the last quarter of 2013 from the previous three months, reaching $10.14 billion, while experts waited for a $10 billion shortfall. At the same time, the indicator for the July-September quarter was revised positively to a $12.54 billion deficit. It is worth pointing out that surplus of trade for goods and servives increased, adding 0.6% to the GDP growth.

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