Ac­count deficit up

Townsville Bulletin - - Investor -

THE quar­terly cur­rent ac­count deficit has widened by $ 809 mil­lion but is not ex­pected to al­ter eco­nomic growth as a rise in ex­port vol­umes was matched by an in­crease in im­ports, econ­o­mists said. The cur­rent ac­count deficit widened in the De­cem­ber quar­ter to $ 7.299 bil­lion, the Aus­tralian Bu­reau of Sta­tis­tics re­ported yes­ter­day. The me­dian mar­ket fore­cast was for a deficit of $ 7 bil­lion in the De­cem­ber quar­ter. Com­mon­wealth Bank se­nior econ­o­mist John Peters said the widen­ing of the cur­rent ac­count deficit was not of any ma­jor concern.

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