Australia : 2017 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Australia

Author/Editor:

International Monetary Fund. Asia and Pacific Dept

Publication Date:

February 20, 2018

Electronic Access:

Free Full Text. Use the free Adobe Acrobat Reader to view this PDF file

Summary:

Context. Australia has enjoyed a comparatively robust economic performance while adjusting to the end of the large mining boom of the 2000s. But the economy has not yet returned to full employment, and inflation is below its target range. Housing market imbalances and high household debt have become important vulnerabilities. As in other advanced economies, average growth has been lower since the Global Financial Crisis. Outlook and risks. With stronger global economic prospects, recent strong employment growth, and higher infrastructure spending as a catalyst, conditions for an acceleration in activity and above-trend growth seem in place. Near-term risks to growth are broadly balanced, but large negative shocks, most likely external, and their interaction with domestic housing markets remain concerns on the downside.

Series:

Country Report No. 18/44

Subject:

English

Publication Date:

February 20, 2018

ISBN/ISSN:

9781484341827/1934-7685

Stock No:

1AUSEA2018001

Price:

$18.00 (Academic Rate:$18.00)

Format:

Paper

Pages:

68

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