Australia: 2012 Article IV Consultation—Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Australia

November 15, 2012

Preview Citation

Format: Chicago

Australia: 2012 Article IV Consultation—Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Australia, (USA: International Monetary Fund, 2012) accessed November 24, 2024

Summary

GDP growth is likely to remain strong, although narrowly driven by a mining investment boom, increasing the economy’s vulnerability to terms of trade shocks. Outside the mining sector, growth is expected to be slow with still weak consumer confidence and a strong exchange rate weighing on business investment. The main risks are external, and include an intensification of the euro crisis and a sharper-than-expected slowdown in China.

Subject: Banking, Exchange rates, External debt, Financial crises, Income, International trade, National accounts, Public debt, Terms of trade

Keywords: Article IV consultation discussion, Asia and Pacific, CR, Economy, Global, Growth prospect, Income, ISCR, Liability positions vis à vis nonresident, Market, Membership status, Mining investment, Rate, Reserve bank of Australia, Terms of trade

Publication Details

Pages:

55
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2012/305
Stock No:

1AUSEA2012001
ISBN:

9781475561357
ISSN:

1934-7685

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