Australia: Staff Report for the 2004 Article IV Consultation

International Monetary Fund

No 2004/353, IMF Staff Country Reports from International Monetary Fund

Abstract: Australia’s 2004 Article IV Consultation reports that economic growth has rebounded, underpinned by continued buoyancy of domestic demand, an improvement in the external environment, and a gradual recovery from the drought. The main risk to the outlook relates to overheating in the housing market, but recent indicators suggest a soft landing is likely. Other risks include a re-emergence of drought, sustained high oil prices, or a weakening of external demand.

Keywords: ISCR; CR; owner occupier; building approval; lending; surplus; fiscal surplus; lending to owner occupier; reserve bank of Australia; soft landing; housing sector; Housing prices; Inflation; Current account deficits; Exports; Pacific Islands; Global (search for similar items in EconPapers)
Pages: 53
Date: 2004-11-08
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