Yelash

463 words, 2 pages

Intro Sample...


The result was a $7.872 billion turnaround from the March quarter's $7.313 billion deficit.
JPMorgan economist Helen Kevans said a 26 per cent surge in non-rural exports was responsible largely for the improvement in the trade balance.
"This we attributed to the steep rise in contract prices for coal and iron ore, Australia's two largest export commodities," she said.
Australia's net foreign debt fell by one per cent in the June quarter to $599.953 billion, the ABS said.
National accounts data for the June quarter is due on Wednesday, with economists expecting annual gross domestic product (GDP) growth of 2.9 per cent.
? 2008 AAP
Referece:http://news.smh.com.au/business/current-account-deficit-narrows-sharply-20080901-46so.html View More »

Read More

Related Essays on Yelash

More Popular Essays

Research help is just moments away!