Australia: 2021 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Australia

December 6, 2021

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. Accommodative macroeconomic policies have been instrumental in cushioning the economic impact.

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

Pages:
84
Volume:
2021
DOI:
https://doi.org/10.5089/9781616355081.002
Issue:
255
Series:
Country Report No. 2021/255
Stock No:
1AUSEA2021001
ISBN:
9781616355081
ISSN:
1934-7685

Loading component...

IMF’s Work

RESOURCES

TOPICS

Flagship Publications

Other Publications

IMF reports and publications by country

Regional Offices

All News

See Also

For Journalists

Press Center

RESOURCES

FLAGSHIPS

KEY SERIES

IMF NOTES

Loading component...

IMF Staff Country Reports