Australia: Selected Issues

February 20, 2018

Preview Citation

Format: Chicago

Australia: Selected Issues, (USA: International Monetary Fund, 2018) accessed September 19, 2024

Summary

This Selected Issues paper on Australia discusses prospects and ramifications of China’s economic transition. Australia and China have strong linkages that are growing over time as China carries on with its economic transition. Trade in commodities and services are constantly growing. Australia has established itself as a dominant player in some key Chinese import needs, particularly for steel. The stylized facts also demonstrate that the rest of Asia is increasingly important for Australia. The charts for tourism, education, and the destination of exports illustrate that both advanced and emerging Asia already have a growing impact. The paper shows that the rest of Asia’s trade linkages with Australia are similar in size to the linkages between Australia and China. China may be Australia’s largest trading partner, but the rest of Asia is also a rapidly growing region, with potential markets for Australian expansion.

Subject: Commodities, Housing, Housing prices, Inflation, Infrastructure, National accounts, Prices

Keywords: Asia and Pacific, Australia, China, Core goods inflation, CR, East Asia, Global, Household saving, Housing, Housing prices, IMF staff calculation, Inflation, Inflation expectation, Infrastructure, Infrastructure investment gap, Investment balance approach, ISCR, Services inflation

Publication Details

Pages:

90
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2018/045
Stock No:

1AUSEA2018002
ISBN:

9781484341872
ISSN:

1934-7685

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