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Australia: Staff Report for the 2004 Article IV Consultation

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  • 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.

Suggested Citation

  • International Monetary Fund, 2004. "Australia: Staff Report for the 2004 Article IV Consultation," IMF Staff Country Reports 2004/353, International Monetary Fund.
    • Handle: RePEc:imf:imfscr:2004/353
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