Australia: Staff Report for the 2004 Article IV Consultation
Volume/Issue:
Volume 2004
Issue 353
Publication date: November 2004
ISBN: 9781451802009
$20.00
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Topics covered in this book
This title contains information about the following subjects.
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Exports and Imports , Inflation , Economics- Macroeconomics , Public Finance , 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
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Summary
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.
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