Australia: Staff Report for the 2004 Article IV Consultation
November 8, 2004
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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:
Issue:
353
Series:
Country Report No. 2004/353
Stock No:
1AUSEA0012004
ISBN:
9781451802009
ISSN:
1934-7685
