Australia: 2021 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Australia

Author: International Monetary Fund. Asia and Pacific Dept

2021 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Australia

Volume/Issue: Volume 2021 Issue 255

Publication date: December 2021

ISBN: 9781616355081

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Topics covered in this book

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Economics- Macroeconomics , Money and Monetary Policy , International - Economics , territory government , CPI expenditure weight , economic plan , employment service , monetary policy support , ABS implementation , COVID-19 , Housing , Housing prices , Economic recovery , Productivity , Global

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Summary

Strong health and economic policies allowed for quick economic recovery from initial COVID-19-related lockdowns in 2020. Renewed outbreaks and lockdowns have created setbacks since mid-2021, with disproportionate impacts on some regions, sectors, and workers. Accommodative macroeconomic policies have been instrumental in cushioning the economic impact.