Australia: Staff Report for the 2004 Article IV Consultation

November 8, 2004

Summary

Australia’s 2004 Article IV Consultation reports that economic growth has rebounded, underpinned by continued buoyancy of domestic demand, an improvement in the external environment, and a gradual recovery from the drought. The main risk to the outlook relates to overheating in the housing market, but recent indicators suggest a soft landing is likely. Other risks include a re-emergence of drought, sustained high oil prices, or a weakening of external demand.

Subject: Balance of payments, Current account deficits, Exports, External debt, Housing prices, Inflation, International trade, Labor, Prices

Keywords: building approval, CR, Current account deficits, Exports, fiscal surplus, Global, Housing prices, housing sector, Inflation, ISCR, lending, lending to owner occupier, owner occupier, Pacific Islands, reserve bank of Australia, soft landing, surplus

Pages:
53
Volume:
2004
DOI:
https://doi.org/10.5089/9781451802009.002
Issue:
353
Series:
Country Report No. 2004/353
Stock No:
1AUSEA0012004
ISBN:
9781451802009
ISSN:
1934-7685

IMF’s Work

RESOURCES

TOPICS

Flagship Publications

Other Publications

IMF reports and publications by country

Regional Offices

All News

See Also

For Journalists

Press Center

RESOURCES

FLAGSHIPS

KEY SERIES

IMF NOTES

Loading component...

IMF Staff Country Reports