Latest Australian Bureau of Statistics (ABS) figures show that in seasonally adjusted, current price terms, the current account deficit increased $5,532m (41 per cent) to $19,033m in the June quarter 2015. Exports of goods and services fell $4,816m (six per cent) and imports of goods and services rose $44m. The primary income deficit rose $715m (nine per cent).
Ugly, ugly, ugly. Tomorrow's GDP figures has potential to be a shock now. If the population is 'sleepwalking' into trouble a poor or possibly now even negative quarter should wake them up.
Is Australia headed for recession?, page-131
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