European Parliament Library

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

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
Table Of Contents
Cover; CONTENTS; RECENT ECONOMIC DEVELOPMENTS; OUTLOOK AND RISKS; NEAR-TERM CHALLENGE: KEEPING THE ECONOMY ON AN EVEN KEEL; BOXES; 1. Household Saving and Fiscal Multipliers; MEDIUM-TERM FISCAL POLICY; SAFEGUARDING FINANCIAL SECTOR STABILITY; 2. Progress Towards Implementing Basel III Reforms; ASSESSING EXTERNAL STABILITY; 3. External Sector Assessment; FACILITATING STRUCTURAL CHANGE; 4. Federal Taxes and Transfers as Insurance for States in Australia; STAFF APPRAISAL; FIGURES; 1. Growth Driven by Commodities; 2. Household Vulnerabilities; 3. Inflationary Pressures Eased; 4. Monetary Stance
Literary Form
non fiction
"November 2012."
Physical Description
1 online resource (56 p.)
Specific Material Designation
Form Of Item

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