Australia: 2007 Article IV Consultation-Staff Report; Staff Supplement; and Public Information Notice on the Executive Board Discussion
IMF Staff Country Reports, September 12, 2007
Source details
- Canonical URL
- Australia: 2007 Article IV Consultation-Staff Report; Staff Supplement; and Public Information Notice on the Executive Board Discussion
Other formats
Bibliographic details
- Published: September 12, 2007
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451802177.002
Key findings and synopsis
- The lengthy expansion brought the Australian economy to a position of near full employment.
- Inflation had eased in late 2006 and early 2007, but accelerated in the second quarter.
- The current account deficit was 5½ percent of GDP in 2006.
- The trade deficit narrowed, while the investment income balance continued to deteriorate, reflecting large net dividend payments.
- The Australian dollar has appreciated substantially over the past few years, but does not appear misaligned once the recent terms of trade gains are taken into account.
Macro indicators and publication metadata
- Pages: 39
- Volume: 2007
- DOI: https://doi.org/10.5089/9781451802177.002
- Issue: 314
- Series: Country Report No. 2007/314
- Stock No: 1AUSEA2007001
- ISBN: 9781451802177
- ISSN: 1934-7685
Thematic subjects and keywords
- Subject: External debt, Fiscal policy, Fiscal stance, Income, Inflation, National accounts, Prices, Public debt
- Keywords: bank bill swap rate, commercial paper, CR, Fiscal stance, Global, headline CPI inflation, Income, Inflation, inflation pressure, ISCR, rate, rate decision, staff project GDP growth, swap rate
International Monetary Fund. "Australia: 2007 Article IV Consultation-Staff Report; Staff Supplement; and Public Information Notice on the Executive Board Discussion", IMF Staff Country Reports 2007, 314 (2007).