Australia March Trade Deficit Narrows
Interactive Video
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Business
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University
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Practice Problem
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Hard
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The video discusses the March trade deficit, which was lower than expected at $2.16 billion, compared to the anticipated $2.9 billion. February's deficit was also revised down. The improvement is attributed to a recovery in commodity prices, with significant increases in iron ore, gold, and coal exports. Retail figures also showed a slight increase, contributing to a stronger Aussie dollar.
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2 questions
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1.
OPEN ENDED QUESTION
3 mins • 1 pt
What were the expectations for retail sales before the reported increase?
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2.
OPEN ENDED QUESTION
3 mins • 1 pt
What impact did retail figures have on the Aussie dollar?
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