Australia: 2012 Article IV Consultation—Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Australia
Electronic Access:
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Summary:
GDP growth is likely to remain strong, although narrowly driven by a mining investment boom, increasing the economy’s vulnerability to terms of trade shocks. Outside the mining sector, growth is expected to be slow with still weak consumer confidence and a strong exchange rate weighing on business investment. The main risks are external, and include an intensification of the euro crisis and a sharper-than-expected slowdown in China.
Series:
Country Report No. 2012/305
Subject:
Banking Exchange rates External debt Financial crises Income International trade National accounts Public debt Terms of trade
English
Publication Date:
November 15, 2012
ISBN/ISSN:
9781475561357/1934-7685
Stock No:
1AUSEA2012001
Pages:
55
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