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What does the balance of payments indicate about the economies' net wealth - what have been recent changes or trends in the balance of payments

  • What does the balance of payments indicate about the economies' net wealth - what have been recent changes or trends in the balance of payments in the respective economies and what are the key drivers of that change.
  • What does this imply about the countries approach to trading consumption across time - historically have they been net lenders / net borrowers?
  • Has COVID resulted in any major changes in Balance of Trade / the CA / the financial account - (magnitude of change in both economies)
  • What can you deduce about both economies from the balance of payments data

This is in regards to Australia and USA respectively

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