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flag Australia's current account deficit expanded to $14.7B in Q1 2025, influenced by rising business inventories and higher imports.

flag In the March 2025 quarter, Australia's current account deficit widened to $14.7 billion, driven by a reduction in the net income deficit. flag Business inventories surged, particularly in mining and manufacturing, likely adding +0.1 to GDP growth. flag However, gross company profits fell -0.5% and net exports' contribution to GDP stayed at -0.1%. flag Exports, led by record gold sales to the US, increased 1.9%, while imports rose 2.2%, fueled by higher fuel and lubricant costs.

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