Australia: 2024 Article IV Consultation-Press Release; and Staff Report

Author: International Monetary Fund. Asia and Pacific Dept

Volume/Issue: Volume 2024 Issue 360

Publication date: December 2024

ISBN: 9798400297120

$20.00

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Topics covered in this book

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Inflation , Labor , FSAP update , article IV consultation discussion , FSAP mission , consultation cycle , upside inflation risk , Labor markets , Inflation , Housing prices , Housing , Global

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Summary

While progress in addressing pandemic-induced macroeconomic imbalances continues, challenges remain, with inflation proving persistent. Labor and housing markets are exhibiting resilience. Australia remains vulnerable to geoeconomic fragmentation risks and faces a critical transition to net-zero emissions. Fostering competition and a smooth adoption of digital technologies could boost productivity.