Independent journal on economy and transport policy
13:35 GMT+1
Australia posts record trade gap
(The Star Online)
March 2, 1999
SYDNEY: Australia posted a record trade deficit of A$1.379bil in January, much higher than market expectations, as exports fell away while solid domestic demand sucked in imports.
Official figures released yesterday showed the balance of goods and services in January had more than doubled from the A$508mil trade shortfall recorded in December.
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