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After 44 years of deficits, we've a current account surplus. What went so right?

Author: Peter Martin., Visiting Fellow, Crawford School of Public Policy, Australian National University
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imageSome things went wrong and some things went right. The resulting current account surplus is neither good nor bad.Shutterstock/ABS

Australia has been in a current account deficit – paying more money out to the rest of the world than it took in – for 44 straight years, since September 1975.

Until today. The update from the Bureau of...

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