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      Question

      What is the projected value of the Current Account

      Deficit (CAD) for the July-September 2024 quarter?
      A $9.8 billion Correct Answer Incorrect Answer
      B $12 billion Correct Answer Incorrect Answer
      C $15 billion Correct Answer Incorrect Answer
      D $16.8 billion Correct Answer Incorrect Answer
      E $20 billion Correct Answer Incorrect Answer

      Solution

      The projected value of the Current Account Deficit (CAD) for the July-September 2024 quarter is $15 billion, which equals 1.6% of GDP. This is the highest in the last seven quarters and reflects weak export performance and subdued external demand.

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