Australia: 2021 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Australia
IMF Staff Country Reports, December 6, 2021
Source details
- Canonical URL
- Australia: 2021 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Australia
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Bibliographic details
- Published: December 6, 2021
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781616355081.002
Executive summary
- Strong health and economic policies allowed for quick economic recovery from initial COVID-19-related lockdowns in 2020.
- Renewed outbreaks and lockdowns have created setbacks since mid-2021, with disproportionate impacts on some regions, sectors, and workers.
- Accommodative macroeconomic policies have been instrumental in cushioning the economic impact.
Key findings and status
- Pandemic response and recovery:
- Quick recovery from initial 2020 lockdowns due to strong health and economic policies.
- Renewed outbreaks and lockdowns since mid-2021 have introduced setbacks.
- Setbacks have had disproportionate impacts on some regions, sectors, and workers.
- Macroeconomic policy stance:
- Accommodative macroeconomic policies played an important role in cushioning the economic impact.
Subjects and keywords
- Subject: COVID-19, Economic growth, Economic recovery, Health, Housing, Housing prices, International organization, Monetary policy, National accounts, Prices, Production, Productivity
- Keywords: ABS implementation, COVID-19, CPI expenditure weight, economic plan, Economic recovery, employment service, Global, Housing, Housing prices, monetary policy support, Productivity, territory government
International Monetary Fund. Australia: 2021 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Australia (Country Report No. 2021/255), December 6, 2021.
Content in this bundle
- 1ausea2021001