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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Australia: 2021 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Australia, (USA: International Monetary Fund, 2021) accessed December 12, 2024

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

Publication Details

  • Pages:

    84

  • Volume:

    ---

  • DOI:

    ---

  • Issue:

    ---

  • Series:

    Country Report No. 2021/255

  • Stock No:

    1AUSEA2021001

  • ISBN:

    9781616355081

  • ISSN:

    1934-7685