Australia: 2012 Article IV Consultation—Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Australia

International Monetary Fund

No 2012/305, IMF Staff Country Reports from International Monetary Fund

Abstract: GDP growth is likely to remain strong, although narrowly driven by a mining investment boom, increasing the economy’s vulnerability to terms of trade shocks. Outside the mining sector, growth is expected to be slow with still weak consumer confidence and a strong exchange rate weighing on business investment. The main risks are external, and include an intensification of the euro crisis and a sharper-than-expected slowdown in China.

Keywords: ISCR; CR; economy; market; article IV consultation discussion; rate; membership status; reserve bank of Australia; liability positions vis à vis nonresident; growth prospect; mining investment; Income; Terms of trade; Global; Asia and Pacific (search for similar items in EconPapers)
Pages: 55
Date: 2012-11-15
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