IMF Staff Country Reports

Australia: 2021 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Australia

December 6, 2021

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Format: Chicago

International Monetary Fund. Asia and Pacific Dept "Australia: 2021 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Australia", IMF Staff Country Reports 2021, 255 (2021), accessed 12/5/2025, https://doi.org/10.5089/9781616355081.002

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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.

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