Some things went wrong and some things went right. The resulting current account surplus is neither good nor bad.
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Australia is becoming more like the United States. Increasingly, we invest overseas. Our domestic economy is weak.
Ins and outs.
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Watch out, Indonesia and South Africa.
Donald Trump has announced import tariffs on steel and aluminium.
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Trump’s tariffs will have only a small impact on the Australian economy, as Australia isn’t a large exporter of steel or aluminium.