{
  "title": "Australia: 2017 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Australia",
  "publication": "IMF Staff Country Reports, February 20, 2018",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2018/02/20/australia-2017-article-iv-consultation-press-release-staff-report-and-statement-by-the-45631",
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  "summary": "This 2017 Article IV Consultation highlights that Australia has enjoyed a comparatively robust economic performance while adjusting to the end of the commodity price and mining investment booms of the 2000s. The recovery from these shocks has advanced further in 2017.",
  "sections": [
    {
      "heading": "Overview and key findings",
      "content": "- The 2017 Article IV Consultation highlights that Australia has enjoyed a comparatively robust economic performance while adjusting to the end of the commodity price and mining investment booms of the 2000s.\n- The recovery from these shocks has advanced further in 2017.\n- Aggregate demand has been led by strong public investment growth amid a boost in infrastructure spending and private business investment has picked up, but private consumption growth has remained subdued.\n- Employment growth has strengthened markedly over the year, although the economy is not yet back at full employment.\n- Wage growth is weak and inflation is below its target range.\n- The macroeconomic policy stance has become more supportive with the infrastructure investment boost."
    },
    {
      "heading": "Aggregate demand, investment, and consumption",
      "content": "- Public investment growth: described as \"strong\" and driven by a boost in infrastructure spending.\n- Private business investment: has picked up (no numerical value provided in source content).\n- Private consumption growth: has remained subdued."
    },
    {
      "heading": "Labor market, wages, and inflation",
      "content": "- Employment growth: has strengthened markedly over the year, but the economy is not yet back at full employment.\n- Wage growth: characterized as weak.\n- Inflation: below its target range; both headline and core inflation are referenced among subjects and keywords."
    },
    {
      "heading": "Subjects and thematic coverage",
      "content": "- Subjects listed: Housing, Housing prices, Income, Infrastructure, Labor, National accounts, Prices, Wages.\n- Keywords include: Asia and Pacific, center, core inflation, CR, Global, headline inflation, Housing, housing investor loan, Housing prices, IMF staff's projection, Income, Infrastructure, ISCR, liability positions vis-à-vis nonresident, stamp duty surcharge, Wages, year-on-year terms.\n\n---\n\n Content in this bundle\n\n- Country Report\n  - Country Report (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - Country Report (PDF){rel=\"external\" type=\"application/pdf\"}"
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    "Published: February 20, 2018",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781484341827.002",
    "The 2017 Article IV Consultation highlights that Australia has enjoyed a comparatively robust economic performance while adjusting to the end of the commodity price and mining investment booms of the 2000s.",
    "The recovery from these shocks has advanced further in 2017.",
    "Aggregate demand has been led by strong public investment growth amid a boost in infrastructure spending and private business investment has picked up, but private consumption growth has remained subdued.",
    "Employment growth has strengthened markedly over the year, although the economy is not yet back at full employment.",
    "Wage growth is weak and inflation is below its target range.",
    "The macroeconomic policy stance has become more supportive with the infrastructure investment boost.",
    "Public investment growth: described as \"strong\" and driven by a boost in infrastructure spending.",
    "Private business investment: has picked up (no numerical value provided in source content).",
    "Private consumption growth: has remained subdued.",
    "Employment growth: has strengthened markedly over the year, but the economy is not yet back at full employment.",
    "Wage growth: characterized as weak.",
    "Inflation: below its target range; both headline and core inflation are referenced among subjects and keywords.",
    "Subjects listed: Housing, Housing prices, Income, Infrastructure, Labor, National accounts, Prices, Wages.",
    "Keywords include: Asia and Pacific, center, core inflation, CR, Global, headline inflation, Housing, housing investor loan, Housing prices, IMF staff's projection, Income, Infrastructure, ISCR, liability positions vis-à-vis nonresident, stamp duty surcharge, Wages, year-on-year terms.",
    "**Country Report**"
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