Australia's external debt

the recent experience

Marc Lombard

Research output: Contribution to journalArticle

Abstract

The article focuses on the economic condition of Australia. The country has experienced a change of external debt, a result of the accumulation of current account deficits (CAD). Regarding to this problem, the value of their dollar currency was depreciated. Net foreign income became the most damaging components in the CAD aspects. The author emphasizes that the expansion of projects can provide additional income that eventually reduce the debt.
Original languageEnglish
Pages (from-to)4-6
Number of pages3
JournalEcodate
Volume21
Issue number2
Publication statusPublished - 2007

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