Queensland Economic Review, April 2009
In this issue
- Labour market
- Retail turnover
- Dwelling approvals
- Population
- Overseas merchandise exports
- FYI – Funding the US current account deficit
- Financial indicators
- Queensland commodity prices
- Major economic indicators
FYI snapshot
The US current account deficit has deteriorated significantly since mid-1998. While early on this was mainly due to the private sector spending above its current earnings, a surge in the US government’s budget deficit has been the main cause of the deterioration since 2002. This month’s FYI article discusses the global economic impact of such a large-scale increase in US government debt, with particular reference to the willingness of major foreign holders of US Treasury securities to continue to fund the US budget deficit.
| Release | PDF Size | |
|---|---|---|
| Queensland Economic Review, April 2009 | (845 kB) |
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Last reviewed: Apr 27, 2009, Last modified: Apr 24, 2009
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