Australia: 2025 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Australia

IMF Staff Country Reports, February 15, 2026

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Australia: 2025 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Australia

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Bibliographic details

• Published: February 15, 2026
• Series: IMF Staff Country Reports
• DOI: https://doi.org/10.5089/9798229035873.002

Overview

• The re-elected government has laid out a bold reform agenda since taking office in May.
• Following a period of high inflation, the convergence of the economy toward balance is creating the opportunity to focus on ambitious structural reforms to address medium-term challenges.
• Delivering on the government’s three main economic goals will help strengthen Australia’s economy amid an uncertain global outlook:
  • boosting productivity,
  • maintaining fiscal sustainability,
  • ensuring economic resilience.

Key findings and themes

• Macro context:
  • Period of high inflation preceded the current phase.
  • The economy is converging toward balance, creating room for structural reforms.
• Medium-term priorities:
  • Ambitious structural reforms are needed to address medium-term challenges.
  • Emphasis on productivity enhancement, fiscal sustainability, and economic resilience.
• Subject coverage (as listed):
  • Housing, Inflation, Labor, Labor markets, National accounts, Prices, Production, Productivity.

Policy implications and recommendations (as presented)

• Focus on delivering the government’s three main economic goals:
  • Boosting productivity through structural reforms.
  • Maintaining fiscal sustainability.
  • Ensuring economic resilience against an uncertain global outlook.

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