{
  "title": "Australia: 2021 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Australia",
  "publication": "IMF Staff Country Reports, December 6, 2021",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2021/12/02/australia-2021-article-iv-consultation-press-release-staff-report-and-statement-by-the-510754",
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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.",
  "sections": [
    {
      "heading": "Executive summary",
      "content": "- Strong health and economic policies allowed for quick economic recovery from initial COVID-19-related lockdowns in 2020.\n- Renewed outbreaks and lockdowns have created setbacks since mid-2021, with disproportionate impacts on some regions, sectors, and workers.\n- Accommodative macroeconomic policies have been instrumental in cushioning the economic impact."
    },
    {
      "heading": "Key findings and status",
      "content": "- Pandemic response and recovery:\n  - Quick recovery from initial 2020 lockdowns due to strong health and economic policies.\n  - Renewed outbreaks and lockdowns since mid-2021 have introduced setbacks.\n  - Setbacks have had disproportionate impacts on some regions, sectors, and workers.\n- Macroeconomic policy stance:\n  - Accommodative macroeconomic policies played an important role in cushioning the economic impact."
    },
    {
      "heading": "Subjects and keywords",
      "content": "- Subject: COVID-19, Economic growth, Economic recovery, Health, Housing, Housing prices, International organization, Monetary policy, National accounts, Prices, Production, Productivity\n- Keywords: ABS implementation, COVID-19, CPI expenditure weight, economic plan, Economic recovery, employment service, Global, Housing, Housing prices, monetary policy support, Productivity, territory government\n\nInternational Monetary Fund. Australia: 2021 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Australia (Country Report No. 2021/255), December 6, 2021.\n\n---\n\n Content in this bundle\n\n- 1ausea2021001\n  - 1ausea2021001 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - 1ausea2021001 (PDF){rel=\"external\" type=\"application/pdf\"}"
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    "Published: December 6, 2021",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781616355081.002",
    "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.",
    "Pandemic response and recovery:",
    "Macroeconomic policy stance:",
    "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",
    "**1ausea2021001**"
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