Not exact matches
A surge in Australia's terms of trade has mitigated the effect of these developments on the trade
deficit, which is estimated to have been
around 3 1/4 per cent of GDP in the December
quarter 2004, wider than at mid year but broadly similar to the outturns of the past year and a half (Graph 32).
This has resulted in an increase in the current account
deficit to
around 3 1/2 per cent of GDP in the June
quarter.
Accordingly, the current account
deficit has also narrowed somewhat over the same period to
around 6 per cent of GDP in the March
quarter (assuming that the net income
deficit remains constant as a share of GDP).
This has resulted in a narrowing in the trade
deficit since mid 2003 to
around 3 per cent of GDP in the March
quarter.
As a result, the trade
deficit has remained at
around 2 per cent of GDP for the last three
quarters, although it has declined from the peak reached in the middle of 1999.
Certainly the Japanese, so its all being done so — with the — Donald Trump wanting to turn
around the trade
deficit, you can't help but say hey maybe they are actually onto something because they have an independent central bank well --(unintelligible) the independent central bank that goes upon its course based on what its seeing here you know based on domestic economic activity, while everybody else is setting it to international standards then tariffs become the — I guess the alternative especially when the feds is raising the interest rates and they're the only central bank really raising interest rates... I know... the bank of England went half a basis point,
quarter basis point and they are project to go a
quarter basis point tomorrow which we will see.
In the September
quarter, this
deficit stood at
around 3 per cent of GDP, somewhat smaller than in the previous
quarter, but still
around 2 percentage points larger than the average over the past decade.
Correspondingly, the current account
deficit has also widened over the past couple of years, although the
deficit for the September
quarter, at
around 6 per cent of GDP (assuming that the net income
deficit remains constant as a share of GDP), is likely to have been smaller than in the previous
quarter.
The net income
deficit recorded a slight rise in the September
quarter to $ 5.6 billion, though at 2.8 per cent of GDP, it remains
around its average level of the past five years.
These developments have led to a narrowing in the trade
deficit from 3 1/2 per cent of GDP in the June
quarter 2003 to
around 3 per cent of GDP by the end of 2003.
If so does that mean he really believes that we could turn
around the 5 - 1
deficit from Munich in order to progress to the
quarter - finals of Europe's elite club competition?
Around a
quarter of the 29 finance directors surveyed expressed uncertainty or concern over maintaining clinical standards and three suggested they could end the year with a budget
deficit.
If you want to take things slowly, a weekly
deficit of 7,350 kJ will net you
around a
quarter of a kilo a week.
The pause and decline in the third
quarter appears to be a reaction to rising interest rates and the rising uncertainty
around government debt and
deficit resolution that led to the shutdown in early October.