AUSTRALIA Staff Report for the 2005 Article IV Consultation

1AUSEA2005002 Image
Price:  $15.00

Release Date: © September, 2005
ISBN : 978-1-45180-208-5
Stock #: 1AUSEA2005002
Stock Status: On back-order

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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.

More publications in this series: IMF Staff Country Reports