Since mid 1980's, Australia has been experiencing persistently large current account deficits
The current account deficit (CAD) represents the excess of debits in the current account in comparison to the credits; that is, the excess of money going out to imports and income payments to abroad in comparison to the money coming in from exports and income payments from abroad
Each year Australia has been paying out considerably more for goods, services and other income/transfer payments that what has been received.
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