## Australia: Staff Report for 2013 Article IV Consultation-Staff Report; Press Release; and Statement by the Executive Director for Australia

_IMF Staff Country Reports, February 12, 2014_

## Source details

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## Bibliographic details
- Published: February 12, 2014
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781475555097.002

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### Growth and mining sector dynamics
- Highlights below-trend GDP growth during the 2013 Article IV consultation.
- Notes the beginning of the decline of the investment phase of the mining boom, which "has passed its peak."
- Key policy challenge: manage the mining-production/export phase while encouraging broader-based growth.

### External risks
- Main external risks identified:
  - A slowdown in China over the medium term.
  - Surges in global financial market volatility.

### Housing market and prices
- Observes a pickup in housing market activity that has been "welcome to date."
- Warns that accelerating house prices could pose a future risk if they lead to overshooting.

### Financial sector resilience and vulnerabilities
- Assesses the financial sector as resilient and strengthened in recent years.
- Notes continued reliance of banks on offshore funding.
- Recommends emphasis on:
  - Tight lending standards.
  - Intensive supervision to help limit financial sector risks.

### Publication and metadata
- Pages: 79
- Volume: 2014
- Issue: 051
- Series: Country Report No. 2014/051
- DOI: https://doi.org/10.5089/9781475555097.002
- Stock No: 1AUSEA2014001
- ISBN: 9781475555097
- ISSN: 1934-7685
- Publication date shown on landing page: February 12, 2014

*International Monetary Fund. Australia: Staff Report for 2013 Article IV Consultation-Staff Report; Press Release; and Statement by the Executive Director for Australia.*

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_Source: https://www.imf.org/en/publications/cr/issues/2016/12/31/australia-staff-report-for-2013-article-iv-consultation-staff-report-press-release-and-41332_