Australia: 2016 Article IV Consultation-Press Release; Staff Report; Staff Statement; and Statement by the Executive Director for Australia

International Monetary Fund

No 2017/042, IMF Staff Country Reports from International Monetary Fund

Abstract: This 2016 Article IV Consultation highlights that Australia has enjoyed robust growth despite the commodity price and mining investment bust. The moderate impact of the large shocks since 2011 highlights the resilience of the economy and strong policy frameworks. Recent structural reforms have focused on fostering innovation. The National Innovation and Science Agenda includes measures to boost innovation and entrepreneurship in the high-tech sector, including through tax breaks. Legislation is being prepared for key components of the Harper Review, which has identified a number of reforms to boost competition and productivity in the services sectors, and to strengthen competition policy broadly.

Keywords: ISCR; CR; consumer price inflation; headline CPI; employment growth; core CPI; liability positions vis-à-vis nonresident; money market rate; Housing prices; Inflation; Labor markets; Private investment; Global (search for similar items in EconPapers)
Pages: 67
Date: 2017-02-09
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