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BLOWOUT EXPECTED FOR AUSTRALIAN CURRENT ACCOUNT DEFICIT.
CANBERRA, Dec 1 Asia Pulse - New figures due out today are expected to show another blowout in Australia's current account deficit.
Economists expect figures from the Australian Bureau of Statistics will show the current account rising to about $A13 billion ($US9.58 billion) for the September quarter.
For the June quarter, the current account deficit hit .6 billion.
ABN AMRO analysts expect the deficit to hit $12.8 billion, or 5.6 per cent of gross domestic product (GDP).
They said both Australia's trade deficit and net income deficit would contribute to the ...
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