Australia: Staff Report for the 2011 Article IV Consultation

October 6, 2011

Preview Citation

Format: Chicago

Australia: Staff Report for the 2011 Article IV Consultation, (USA: International Monetary Fund, 2011) accessed November 21, 2024

Summary

In this study, Australia’s economic performance from the onset of the global financial crisis is discussed. A healthy banking system, flexible exchange rate, and robust demand for commodities from Asia are important for good performance. Although recent global market volatility has increased uncertainty about the economic outlook and tilted risks downward, strong commodity demand from emerging Asia underpins Australia’s favorable economic prospects. The importance of tax and structural reforms is emphasized. The Australian Prudential Regulation Authority’s plans are used to undertake stress tests incorporating disruptions to funding markets.

Subject: Banking, Current account deficits, External debt, Housing prices, Income, International trade, National accounts, Prices, Public debt, Terms of trade

Keywords: Asia and Pacific, Commodity export, Commonwealth budget, Cost, CR, Demand, Economy, Economy benefit, Exchange rate, GDP, Global, Headline consumer price index, Housing prices, IMF's view, Income, ISCR, Mining investment, Pacific Islands, Speed economy, Terms of trade

Publication Details

Pages:

59
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2011/300
Stock No:

1AUSEA2011001
ISBN:

9781463921941
ISSN:

1934-7685

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