AUSTRALIA Staff Report for the 2005 Article IV Consultation

Author/Editor:

International Monetary Fund

Publication Date:

September 12, 2005

Electronic Access:

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Summary:

This 2005 Article IV Consultation highlights that Australia has implemented wide-ranging structural reforms and strengthened the frameworks for monetary and fiscal policies over the past two decades. As a result, Australia’s economic expansion is now in its 14th year, with growth averaging 3¾ percent owing to a combination of strong job creation and high productivity growth. Growth is expected to rise from 2¼ percent in 2005 to about 3½ percent in the medium term, although this will require continued strong growth in productivity.

Series:

Country Report No. 05/331

Subject:

English

Publication Date:

September 12, 2005

ISBN/ISSN:

9781451802085/1934-7685

Stock No:

1AUSEA2005002

Price:

$15.00 (Academic Rate:$15.00)

Format:

Paper

Pages:

53

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