Australia: Staff Report for the 2005 Article IV Consultation

September 12, 2005

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Australia: Staff Report for the 2005 Article IV Consultation, (USA: International Monetary Fund, 2005) accessed November 26, 2024

Summary

This 2005 Article IV Consultation highlights that Australia has implemented wide-ranging structural reforms and strengthened the frameworks for monetary and fiscal policies over the past two decades. As a result, Australia’s economic expansion is now in its 14th year, with growth averaging 3¾ percent owing to a combination of strong job creation and high productivity growth. Growth is expected to rise from 2¼ percent in 2005 to about 3½ percent in the medium term, although this will require continued strong growth in productivity.

Subject: Labor, National accounts, Prices

Keywords: Commodity price, Commodity prices, CR, Demand growth, Exchange rate, Export commodity price, Global, Government, Headline inflation, Healthcare productivity growth, Housing prices, Inflation, Infrastructure, ISCR, Monetary policy, Wait-and-see monetary policy stance

Publication Details

Pages:

53
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2005/331
Stock No:

1AUSEA2005002
ISBN:

9781451802085
ISSN:

1934-7685

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