Australia: Staff Report for the 2002 Article IV Consultation

September 18, 2002

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Australia: Staff Report for the 2002 Article IV Consultation, (USA: International Monetary Fund, 2002) accessed November 23, 2024

Summary

This 2002 Article IV Consultation highlights that despite the synchronized slowdown in the rest of the world in 2001, the Australian economy has continued to grow strongly. This performance reflected the absence of major imbalances in the economy, an aggressive easing of monetary policy, fiscal policy stimulus, and a competitive exchange rate. Real GDP has risen at an average annual rate of 3¾ percent since end-2000. With underlying inflation pressures muted and the uncertainty about the depth and duration of the global slowdown, monetary policy was highly supportive of growth.

Subject: Budget planning and preparation, Employment, Fiscal policy, Fiscal stance, Income, Labor, National accounts, Personal income

Keywords: CR, Employment, Fiscal policy stimulus, Fiscal stance, Global, Income, Income support, ISCR, Monetary policy, Personal income, Rate, Staff appraisal, Underlying inflation, Unemployment rate, Wage cost inflation

Publication Details

Pages:

46
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2002/201
Stock No:

1AUSEA0012002
ISBN:

9781451801989
ISSN:

1934-7685

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