Australia: 2022 Article IV Consultation-Press Release; and Staff Report
February 1, 2023
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Australia: 2022 Article IV Consultation-Press Release; and Staff Report, (USA: International Monetary Fund, 2023) accessed December 21, 2024
Summary
A strong post-pandemic recovery and favorable terms of trade have led Australia to a stronger cyclical position than most advanced economies. Tight labor markets reflect the strength of the recovery with labor and skills shortages, although wage growth has remained more subdued than in many other advanced economies. Inflation has risen to significantly above target, prompting decisive monetary policy tightening. Financial conditions have since tightened, and housing prices started declining from their peak.
Publication Details
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Pages:
87
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Volume:
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DOI:
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Issue:
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Series:
Country Report No. 2023/050
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Stock No:
1AUSEA2023001
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ISBN:
9798400230127
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ISSN:
1934-7685
