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Australia Foreign Debt Reaches Crisis Proportions
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Australia Foreign Debt Reaches Crisis Proportions

Philip Bowring's avatar
Philip Bowring
Jun 18, 2016
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Asia Sentinel
Asia Sentinel
Australia Foreign Debt Reaches Crisis Proportions
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Australia’s net foreign debt has just passed the A$1 trillion mark, roughly 60 percent of the nation’s gross domestic product. Alarm bells should be ringing somewhere, but somehow the “lucky country” continues to be seen by foreign investors as a safe location.

Australia may have good government but the numbers make the problems of East and Southeast Asi…

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