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GLOBALISATION IN ACTION - RISING FOREIGN ASSET AND LIABILITY POSITION BUT NO PRESSURE ON THE OVERALL BALANCE 250% 200% 150% 100% 50% 0% -50% Foreign assets and liabilities as a proportion of GDP -100% -150% 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 CBRE Foreign Assets Net position 5 Foreign liabilities Overall external position is fairly balanced relative to GDP so every dollar in equals a dollar out Source: ABS, CBRE Research CBRE | AUSTRALIAN COMMERCIAL PROPERTY

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