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The impact of the global crisis was milder in Australia than in other advanced economies owing to strong demand from …
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Economic growth is strengthening, stimulated by the high terms of trade. Monetary policy has been tightened appropriately. A flexible monetary policy response to potential external shocks, including commodity price swings, will help to cushion growth while preserving low inflation. To promote...
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Australia’s 2004 Article IV Consultation reports that economic growth has rebounded, underpinned by continued buoyancy …
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, the Australian economy has continued to grow strongly. This performance reflected the absence of major imbalances in the … economy, an aggressive easing of monetary policy, fiscal policy stimulus, and a competitive exchange rate. Real GDP has risen …
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This 2005 Article IV Consultation highlights that Australia has implemented wide-ranging structural reforms and … strengthened the frameworks for monetary and fiscal policies over the past two decades. As a result, Australia’s economic expansion …
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