Title Australia : 2007 Article IV Consultation-Staff Report ; Staff Supplement ; and Public Information Notice on the Executive Board Discussion

Published Washington, D.C. : International Monetary Fund, 2007

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Description 1 online resource (39 pages) Series IMF Staff Country Reports, 2227-8907 ; Country Report No. 07/314 IMF Staff Country Reports ; Country Report no. 07/314 Contents Cover -- Contents -- I. Economic Developments -- II. Policy Discussion -- A. Appropriate Policy Settings in a Full Employment Environment -- B. Australiaâ€?s Challenge: Making the Good Times Last -- III. Staff Appraisal -- Figures -- 1. Real Economic Indicators -- 2. Inflation and Labor Market Indicators -- 3. External Developments -- 4. Financial Market Indicators -- 5. External Debt Sustainability: Bound Tests -- 6. Fiscal Indicators -- Tables -- 1. Selected Economic Indicators, 2003â€?08 -- 2. Balance of Payments, 2003â€?08 3. Medium-Term Scenario, 2006â€?124. Fiscal Accounts, 2003/04â€?2010/11 -- 5. Productivity Performance of Australian Industries -- 6. The Impact of Structural Reforms on Australia's Productivity Performance -- 7. Indicators of External and Financial Vulnerability -- 8. Financial Sector Assessment Program -- Contents -- I. Fund Relations -- II. Statistical Issues Summary This 2007 Article IV Consultation highlights that the lengthy expansion brought the Australian economy to a position of near full employment. Inflation had eased in late 2006 and early 2007, but accelerated in the second quarter. The current account deficit was 5½ percent of GDP in 2006. The trade deficit narrowed, while the investment income balance continued to deteriorate, reflecting large net dividend payments. The Australian dollar has appreciated substantially over the past few years, but does not appear misaligned once the recent terms of trade gains are taken into account Notes Available in PDF, ePUB, and Mobi formats on the Internet Subject Unemployment -- Australia Economic history Economic policy Unemployment SUBJECT Australia -- Economic conditions -- 1945- http://id.loc.gov/authorities/subjects/sh85009587 Australia -- Economic policy Subject Australia Form Electronic book Author International Monetary Fund. ISBN 1452749914 9781452749914

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