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Australia: 2024 Article IV Consultation-Press Release; and Staff Report
Author: International Monetary Fund. Asia and Pacific Dept
Australia: 2024 Article IV Consultation-Press Release; and Staff Report
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.