## Australia: 2016 Article IV Consultation-Press Release; Staff Report; Staff Statement; and Statement by the Executive Director for Australia

_IMF Staff Country Reports, February 9, 2017_

## Source details

**Canonical URL:** [Australia: 2016 Article IV Consultation-Press Release; Staff Report; Staff Statement; and Statement by the Executive Director for Australia](https://www.imf.org/en/publications/cr/issues/2017/02/09/australia-2016-article-iv-consultation-press-release-staff-report-staff-statement-and-44632)

## Other formats

- [Markdown version](/en/publications/cr/issues/2017/02/09/australia-2016-article-iv-consultation-press-release-staff-report-staff-statement-and-44632/index.md)
- [Structured JSON version](/en/publications/cr/issues/2017/02/09/australia-2016-article-iv-consultation-press-release-staff-report-staff-statement-and-44632/index.json)
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## Bibliographic details
- Published: February 9, 2017
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781475575835.002

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### Key findings on macroeconomic performance and resilience
- Australia has enjoyed robust growth despite the commodity price and mining investment bust.
- The moderate impact of the large shocks since 2011 highlights the resilience of the economy and strong policy frameworks.

### Structural reforms and innovation agenda
- Recent structural reforms have focused on fostering innovation.
- The National Innovation and Science Agenda includes measures to boost innovation and entrepreneurship in the high-tech sector, including through tax breaks.
- Legislation is being prepared for key components of the Harper Review, which has identified a number of reforms to boost competition and productivity in the services sectors, and to strengthen competition policy broadly.

### Thematic coverage and subjects
- Subjects: Banking, Fiscal policy, Housing prices, Inflation, Labor, Labor markets, National accounts, Prices, Private investment
- Keywords: consumer price inflation, core CPI, CR, employment growth, Global, headline CPI, Housing prices, Inflation, ISCR, Labor markets, liability positions vis-à-vis nonresident, money market rate, Private investment

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## Content in this bundle

- **Country Report**
  - [Country Report (Markdown version)](/-/media/files/publications/cr/2017/cr1742.pdf.md){rel="alternate" type="text/markdown"}
  - [Country Report (PDF)](/-/media/files/publications/cr/2017/cr1742.pdf){rel="external" type="application/pdf"}

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_Source: https://www.imf.org/en/publications/cr/issues/2017/02/09/australia-2016-article-iv-consultation-press-release-staff-report-staff-statement-and-44632_