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Economic Buzz: Australia's current account gap hits all-time high of AUD 27.1 billion
02-Jun-2026 09:04
Australia's current account deficit widened to a record AUD 27.1 billion in Q1 2026, up from a revised AUD 23.0 billion in the previous quarter. The deterioration was driven by the goods and services balance shifting to a AUD 2.4 billion deficit from a AUD 1.1 billion surplus in Q4, largely due to higher oil prices following the closure of the Strait of Hormuz.

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